Excuses for Not Getting Life Insurance

Excuses for Not Getting Life Insurance

Excuses for Not Getting Life Insurance

While life insurance should be a part of anyone’s financial plan, we continue to hear some of the same excuses as to why some believe they don’t need it. Do any of these sound familiar?

“I’m young. I’m healthy. I don’t need life insurance.”

Actually, when you are young and healthy is the best time to get life insurance. Life insurance rates are largely based on age and physical health of the insured. Being young and healthy is a good reason to get life insurance.

“I’m young and single. I don’t need life insurance.”

Being young and single doesn’t mean you are debt-free or won’t have final expenses. Even an inexpensive funeral can cost into the thousands of dollars, and believe it or not, dying doesn’t resolve your credit card or student loan debt. Now if you are young, single, have absolutely no debt and have pre-paid your final expenses, you may have a more valid reason not to purchase it. But even then, having life insurance will assure you have coverage should you not qualify later when you do get married or have a family.

“I’m going to be dead anyway!” (or the variation; “I’m not going to be here, what do I care?”)

This always makes our agents cringe just a bit. Unless you are a truly rare breed, odds are you will be leaving people who care about you behind. These are people who will want to pay their respects, whether you care or not. Odds are you may have credit card or student loan debt or a mortgage or car loan. You may not be here but that train wreck of expenses, potentially including costly medical and funeral expenses may be left behind. Yes, we know the expression is “humorous” on some level but it is truly not practical or very caring. You don’t need to leave loved ones with a huge windfall upon your death, but you certainly don’t want to put them on the spot either.

“Life insurance is too expensive.”

Life insurance can be purchased in two broad forms, term insurance or whole life insurance. Term insurance covers the life of an insured for a specific period and actually can be quite inexpensive, especially when purchased when you are young and healthy.

Life insurance can give you peace of mind, protect your family, ensure college educations, pay for final expenses, resolve remaining debt and can even build cash value over time. To see how it can serve you, contact us to discuss your situation, your goals, and affordable options.


Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt
Filter by Custom Post Type

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about
our blog writer?

Read more about KayLynn's background.

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt
Filter by Custom Post Type

Ridesharing: How Much is Covered by Lyft and Uber?

Did you know that your rideshare work might not be completely insured? Before you get into an accident, this is what you need to know.

How Umbrella Coverage Protects You When that Rainy Day Comes

Umbrella coverage is perfectly named as it describes an added layer of liability coverage across your personal insurance policies. Learn more on our website.

Six Crazy Things You Can Get Sued for (And How Umbrella Insurance Helps)

Are you afraid of getting sued? If not, you probably should be. Luckily, you can protect yourself with umbrella insurance.

Renting Your Home or Space Out? Make Sure You’re Covered.

Home sharing has become an increasingly popular way to make extra money or meet expenses. Know the risks, however. Learn more about home sharing insurance.

How to Speak “Insurance”

Why is it called an insurance “premium” instead of cost or price? We don’t know either, but here are some common insurance terms everyone should know.

Don’t Get Bit Earning Extra Money Delivering Food

Food delivery service can be a good “side hustle” to make extra money. That is, as long as you are properly covered with auto insurance.

Creating a Legacy Through Life Insurance

Life insurance offers an opportunity for you to leave a lasting legacy for your spouse, family or even a non-profit when you pass away.

4 Surprising (and 1 Not So Surprising) Ways to Save Money on Your Auto Insurance

If you are trying to save money on your auto insurance premiums, there are some ways to cut costs that may surprise you.

Excuses for Not Getting Life Insurance

If you’ve ever thought “I don’t need life insurance. I’ll be dead anyway!” you are not alone. Read some of the excuses we’ve heard.

I Rent, So Why Do I Need Insurance?

Like Homeowners, Renters too, can Sustain Losses

Leave a Comment





Translate »