No one can predict what happens in life. Besides the tremendous struggle it will save you from high medical expenses in cases where you do survive, think about your loved ones when you are gone. Especially if you have dependents. Let's face it, even funerals these days are not cheap!
Maybe I am morbid but of all the things in the world you can be sure of.... we all cease to exist at some point so why leave our debts to be paid by the ones we love. The hospital bills aren't going to pay for themselves even when you are gone nor any other loans you may have outstanding... cars, properties... even the cost of clearing out your stuff from a rented place. Why would we want to burden the ones we claim we love? I think its part of our duty to not make things worse for others.
I was also the skeptic in thinking that its just about the money. Money may not be the only source of living or happiness but who can deny we require it live and who can deny that no one wants to inherit a financial burden from a passed loved one.
We will all leave this world one day, why not be prepared?
