Why People Don’t Buy Life Insurance and How They’re Wrong

Let’s face it; most of us don’t buy life insurance.  Many people don’t understand the importance of buying a life insurance policy until they become ill or until they experience a hardship after one of their loved ones has passed.  It is important to understand why people don’t buy a life insurance and how that could result in challenges down the road for their loved ones.

One of the most common reasons is due to the premium.  Many families are burdened with expenses such as day care, car payments, student loans, a mortgage – the list goes on and on.  As a result, the budget for most families is tight and they view life insurance as above and beyond the necessities.  Unfortunately, the expenses mention above will not go away if you were to pass, and the stress and challenges will still remain for your family.  By purchasing life insurance, you will have the peace of mind knowing that your family will be taken care of in the event something happened to you.

Buying a life insurance policy at an early age will help save money over time.  The younger you are and the healthier you are, the lower the premium.  This rate is locked in for the length of the term you purchase, which can mean you will have a low insurance rate for many years if you buy the policy when you are young. Another consideration is you may not have kids now, or a mortgage, but over time you will have more responsibilities and you should always have a plan for your future.

If you don’t have a life insurance policy for you and anyone of the above-mentioned reasons is the cause of your decision, it is important that you get one now. If you want to know more about life insurance and its importance, make sure you take a quick quiz at Health IQ.com where you will find a wide range of engaging and informational quizzes that will help learn more information about life insurance.