Many people today don’t have life insurance and continually put off purchasing it. If you don’t have a policy, you should definitely consider it. Not only will a good policy provide income that can help your loved ones cover everyday expenses, it can also cover any outstanding debts that you may leave behind. For less than the price of a daily cup of coffee, your life insurance policy can help you rest easy knowing that everything will be taken care of.
Here are some of the most common reasons people put off buying life insurance:
- I have life insurance through my job. While many people are offered life insurance policies through their employers, the amount of coverage is often not as much as one would think. Coverage that is only one or two times more than an employee’s yearly salary won’t last long or cover very much for your loved ones in the event of your passing, so it is important to purchase an additional policy.
- I’m young and healthy! You might be young and healthy, but no one is indestructible. Accidents can happen to anyone at any time, and it’s best to be prepared. In fact, when you are healthy is the best time to purchase insurance. If you become ill later, it will be much more difficult for you to obtain the same quality coverage that you would have if you had purchased a policy when you were healthy.
- It’s too expensive. With the long list of financial responsibilities most people have, it can be easy to want to put off an additional expense. Keep in mind, however, that life insurance is often not as expensive as people might think, and if you think life is expensive now, imagine how much more expensive it can get for your loved ones if something were to happen to you.
- I don’t have kids. Kids are not the only people who might suffer financially from your loss. Consider other people in your life, such as a partner, spouse, a sibling, or your parents, who might benefit from a life insurance policy. The peace of mind that comes with knowing they will be provided for in the event of your passing is a great reason to get covered.
If you’re ready to discuss life insurance options with a professional insurance administrator, we encourage you to contact Insurance Specialists, Inc. as soon as possible. Call us at (888) 451-0883 – we provide competitive rates!