Do you have life insurance? 59% of adults already do, yet that still means 41% don’t and it’s a huge percentage. It’s not that people fail to see the relevance – it’s hard to miss when you ponder your mortality. It’s more that there are excuses that take precedent. The significant minority that believes in them let them impact their decision making to the point where they don’t invest whatsoever.
Sadly, this method is a massive gamble as the excuses are baloney and they don’t make sense. For the non-believers, here are the things to remember the next time you put off buying a life insurance policy.
It’s Too Expensive
With the rest of your bills piled up on top, an insurance policy feels as if it’s an indulgence. You’re barely going to need it so there’s no point in forking out when the percentages are in your favor. Number one: everything can happen at any time so this isn’t always the case. Number two: a comprehensive policy doesn’t have to come at a premium. For those who can’t keep up with the payments, treat it like a credit card and pay the monthly minimum. Usually, this is the cost of a week’s worth of coffee.
It’s Included With My Job
Employers are interested in their employees and provide extensive incentives. Life insurance is just one of the many perks that you might receive with your contract. However, it’s only a basic policy and won’t safeguard your family’s finances for the long-term. Remember that they have to do this for every worker and it costs them a fortune. Therefore, it’s a wise move to start a separate agreement outside of the office. That way, you can contribute and ensure the length or level of payout is adequate for your loved ones.
I’m Fit And Healthy
Anyway, it’s a waste of money because you’re fit and healthy and in great shape. You eat right, go to the gym, and attend regular checkups with your physician. Even the medical expert agrees – you’re going to live for a long time. Protecting rights of family members is about more than what you can predict – it’s about the unpredictable. There’s no way to tell when a slip or a fall or a crash on the highway will lead to a fatality. And, if you’re not properly covered, there is no backup plan. Insurance companies won’t accept applications from people with injuries as it increases the likelihood of a payout.
I’m Unattached
It’s not as if you’re a loner without any responsibilities, but you’re not married and don’t have kids. Some people see this as an excuse because there’s nothing to leave behind. Plus, it’s tough for non-spouses to get paid. In reality, this isn’t the case as partners and family members will receive help after your passing. Friends are eligible too. Anyone confirmed as a beneficiary in the policy will stand to benefit regardless of your marital status.
There are no excuses – life insurance is an integral part of a healthy lifestyle.