While you are young and working, it is possible for you to buy your son the cycle he wants, or buy you daughter the clothes she wants. You can save up to buy a new house, and decorate it however you want, as you have a constant source of money. However, if something happens to you, and you were the only working member in your family, how will your family survive? Where will they get the money from to continue at their standard of living? Even if you or a family member of yours was to meet with an accident, to pay the doctor’s fees, you might have to take loans, which once again might have a detrimental effect on your standard of living. There are a number of things that could happen to you that might leave your family without an able working member, and this could be difficult for everybody. It is always a good idea to have a great health insurance in place, so that there is some financial stability and backing should anything happen to you.