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Reasons You Don’t Need Life Insurance

You know you need to get life insurance; you’ve been meaning to get it, really.  It’s just that it’s so expensive and……. time consuming and……… intrusive and…….. it can be done tomorrow.  After all you are healthy and relatively young, though getting older every day.  What if it turns out that you don’t need life insurance after all?  Could it be that our parents, our financial advisors, and pretty much anyone else worth listening to have been wrong all this time?

I have outlined 4 reasons that you could be throwing your money away each month by protecting your loved ones and their financial futures.

  1. YOU ARE NEVER GOING TO DIE

Being referred to as middle aged recently has me wishing this to be true.  Has anyone really been paying attention to the cryogenics movement?  I’m no different than the next person; I don’t want to constantly think about my mortality or that of my spouse.  Ironically now that I have life insurance to protect my death, I find myself thinking about death way less.

  1. YOU ARE GOING TO INHERIT A FORTUNE

Let’s get this straight; you don’t need life insurance because you are waiting for someone else to die?  There are so many facets to this that are just wrong not to mention misguided.  Who is to say the person you are inheriting from won’t live longer than you will?  Or maybe that person has made some bad investments.  It is never prudent to rely on what if for your family’s financial future.

  1. YOU ARE GOING TO WIN THE LOTTERY

Of course you are.  If you can dream it, it can happen.  You won’t win unless you play.  Of course even if you play you may not win.  On the off chance you don’t win, you may want to have life insurance as a backup.  You probably want to continue adding to your retirement as well.  I’m no financial planner, but I think most would agree with me.

  1. THE GOVERNMENT WILL TAKE CARE OF YOU

To a certain extent this may be true.  Although the government isn’t going to let you live in the same nice house you own, make the payments on your cars, or send your kids to private school. You probably will not starve, but with the average SSI benefit at $1,328 a month, you will likely face a reduction in your standard of living.

Still think you don’t need life insurance?  If you don’t need it, I hope it isn’t for any of the reasons above.  If getting life insurance has been on your to do list, we can help.  Obtaining a policy is much easier and less expensive than most people expect it to be.  And once it’s done, it’s done.  Contact our office at (877)544-8929 or visit our website to find out more.