6 Bad Reasons Not to Buy Life Insurance

Let’s face it. Most people put off buying life insurance for any number of reasons, if they even understand it. Take a look at this list, do any of them sound like you?

1. It’s too expensive

In the budget of a young family, things like day care and car payments and possibly student loans eat up a good chunk of the money each month. Most people think that life insurance is just outside those “necessities” when money’s tight. But two things: life insurance is often not nearly as expensive as you might think, especially when you can get a good policy for less than the cost of a daily cup of coffee at the local café, and well, if money’s tight now, what if something happens to you?

2. That’s that stuff for babies and old people, right?

People of a certain age remember Ed McMahon telling them their grandparents couldn’t be turned down for a policy for any reason and figure that’s the target demographic for life insurance. Or, you might have been offered a small permanent insurance policy for your newborn, attractively presented with an adorable infant on the envelope. The truth of the matter is that these are very specific insurance products—just as there are many insurance products for adults in their working years.

3. I’m strong and healthy!

You eat right, you stay active, and you passed your last physical with flying colors! That’s GREAT! But you’re neither immortal nor indestructible. It’s not that something could happen to you while you’re at your strongest and healthiest, there’s no better time to get a policy to protect your loved ones. If you fall seriously ill or suffer significant injury later, it will make it tougher to get that kind of policy, if any at all.

4. I have life insurance through my job

.Many people are offered life insurance as part of their employee benefit coverage , and often, it’s the first time they encounter life insurance and have no idea that a $50,000 policy, or one or two times their salary, isn’t as much as they think it is. It sounds like a lot of money, until you figure that it has to cover some or all the expenses for your loved ones in your absence. Plus, if you leave the job, it’s typically the type of insurance that doesn’t “move on” with you.

5. I don’t have kids

Sure, kids are a big reason why some people get life insurance. But that’s not the only reason for needing protection. If there is anyone in your life who would suffer financially from your loss, your spouse or live-in partner, a sibling, even your parents, a life insurance policy goes a long way in making sure everyone’s still OK even if something happens to you.

6. Life insurance, it’s on my list, eventually

There’s no deadline on life insurance, no mandate from the government on purchasing it. Your parents may have never talked to you about its importance, and it’s certainly not the most invigorating topic for conversation. But don’t let your “eventually” turn into your loved ones’ “if only.”

If any of this sounds intimidating, just know that you can talk to your Aitken & Ormond Agent. They will help you figure out how much you may need, and also find a policy that fits into your budget.

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Are you ready to save time, aggravation, and money? The team at Aitken Ormond Insurance is here and ready to make the process as painless as possible. We look forward to meeting you!

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