Here are the top five reasons why you should not buy life insurance! There are more, but we will review the top 5
Let’s find out what the squawk is all about and you can carefully decide for yourself. Here is what people use as reasons.
Reason Number 1 –
“Life insurance is just too expensive and I cannot afford it”. This is the most common complaint we are going to hear from consumers today. Most of the people I spoke with said they had a lot of other expenses they classified with a higher priority. Many of these expenses were cable or satellite TV bills, liquor expenses at their local bar, cigarettes and other tobacco products that took precedence.
*Over 34% of Americans actually do spend a large portion of their income on such products as beer, liquor, cigarettes and television bills. Most of these people do not have enough funds at the end of the month for food, rent and house payments. Their lives work off a paycheck to paycheck basis along with their dependents. Most of these people in the study start out with a very good income but blow their money as fast as they get it.
Reason Number 2 –
“I’m healthy, I am not going to die anytime soon”. The highest percentage of people automatically made this statement as a solid reason not to buy life insurance. They don’t take the time to consider the possibility of an accidental death.
*The fourth leading cause of death in the United States is accidental death. Many of these were with young Americans. Just because you are healthy, does not mean your invincible. There are over 160,000 accidental deaths each year. Even young people can develop serious medical conditions that could take their lives.
Reason Number 3 –
“I am just too busy to think about it at the moment. Maybe someday down the road I will check it out”. This is another very common reason given by many people. A quick conversation with an independent insurance agent could take a few minutes to solve this problem.
*This is procrastination at its finest. With the help of an independent agent, a person can be directed to an excellent choice in life insurance policies in less than an hour. It also takes less that an hour to complete a simple telephone application.
Reason Number 4 –
“I do not understand how life insurance works and I find it very confusing”.
*In reality a good life insurance agent is more than happy to educate their client on how life insurance works. This can easily be accomplished within an hours time or less. Life insurance is actually more simple that auto or homeowners insurance.
Reason Number 5 –
“I have other financial obligations that are much more important that life insurance”.
*This can sometimes be true in very rare cases if money is extremely tight due to a loss of a job or a complete disability. But when you realize the negatives effects on an individual dependents upon the death of the family money maker. This statement of “more important” is not really very sensible. Life insurance quotes and rates have been steadily going down because of people living longer.
Here is another reason to add to this list. “I do not want to take a physical”!
Many people including myself do not like to take physical examinations or the dreaded blood test. I for one do not like needles in any way shape or form. There is a great solution for this problem, No Medical Exam life insurance. This type of a term life policy has a very short application and requires no physical exam what so ever. The turn-around time for these policies can actually be less than 24 hours depending on the company you apply with. Life insurance brokers have a comprehensive list of no medical exam companies for people to choose from.
The list of reasons that people use not to buy life insurance goes on and on
I have heard a number of consumers actually say, “why should I worry about my family, I will be dead”? Other people have told me that their family members will just have to learn how to fend for themselves. Thankfully there are a lot of people that realize they have financial obligations to their families and have purchased life insurance. These are the people that can really sleep at night.
Is life insurance really that important to have or can I safely go without it?
This is definitely a million dollar question. If you have any family members that depend on your income, you should purchase life insurance to protect their financial future. If you pass away and you income stops your dependents lives can be severely changed forever. Life insurance is not for you, it is for your families well being and future. A life insurance policy is your guarantee that your family will be able to continue on comfortably if something happens to you.
Procrastination always leads to paying higher premiums
Anytime a person procrastinates buying life insurance the clock is ticking away. The clock I am referring are the quoting rates that go up for every year the individual gets older. Quoting rates with some life insurance companies can change each month. The longer he waits the more expensive the life insurance gets. The object is to buy your insurance at the youngest age possible and lock in your rates.
Purchasing a low cost term life insurance policy could protect an individuals family for pennies a day
A very affordable term life insurance policy could easily offer financial security for a minimal premium. The younger you are the cheaper the premium will be. If you need permanent life insurance that will last you the rest of your life, a universal life insurance policy will be just the ticket. Some companies offer whole life but the cost of this type of insurance is not cost effective at all. Most companies no longer even offer whole life insurance. Tremendous competition has cause life insurance quotes to keep going down every year.
Where is the best place to apply for life insurance?
The best place in our opinion would be with our agency. We have over 25 years of experience helping folks find the best plan for their needs at the lowest rates. Anytime we receive a request for life insurance, we shop the market on our quoting system to locate the lowest rates available for our new clients. If there are any health conditions to deal with, we will run a quick medical pre-screen to eliminate any surprises later. A pre-screen will also help us choose the best company to have our applicant apply with.
How do I know when I am getting the lowest rates possible?
We always run a quote which will display over 15 of the most competitive companies on the market. This quote is delivered by email to all our potential clients so they may see all their options and premiums per carrier. The proof is in the pudding so you can see for yourself. They can also review their options on our free quote engines.
Activate our websites quoting system to get a head start and compare your options for yourself
Our quoting system will display over 40 of the top rated companies in the nation. You will be able to review your rates in less than a minute. All the premiums you will see are current and up to date. You can either use the quoting form on the right or our instant life insurance quotes page.
There you have it!
The moral of the story is, if you have any family members that depend on your income to live comfortably, you have a need for term life insurance. The cost of tern life insurance today is usually much less than people actually believe. Feel free to call us toll free 7 days a week to get immediate answers to all your question with no cost or obligation 1-800-897-5699. There is never any sales pressure to buy anything when you are working with us. We leave all the sales pressure for our competitors.
All the best,