Top 8 Reasons You Should Buy Life Insurance Now!
One of the most challenging aspects of my business is helping people understand why they need life insurance. Interestingly, I always stop and wonder why. We are all going to pass away; some sooner than others---that is a fact of life. So why the challenge? Why the push back?
You may be saying to yourself “it’s because no one wants to think about their own mortality”. Well, obviously-- but we are in fact irretrievably mortal, and destined to kick the can eventually. The only variable is that we don’t know when or how we will pass. It sucks, I know! However, after putting much thought into why most people have this aversion to life insurance, and its benefits, I have come to the conclusion that the push back comes from people not understanding the risk they are taking by failing to acquire life insurance. So here are some of the most important risks you take by not having life insurance:
You run the risk of putting the cost of the funeral on your loved ones. GoFundMe is not life insurance and just puts more pressure on those that are grieving.
You run the risk of putting all of your credit card debt or personal loan responsibilities on your loved ones.
If you have kids, you run the risk of not being able to provide them with funds for a college education.
You run the risk of your family having to pay the cost of housing (rent or mortgage) without your income. Ouch!
You run the risk of your family dipping below the poverty line---choose the leave a legacy of love and wealth instead of desertion. Just kidding…kinda
You run the risk of not being insurable. Your health can change tomorrow—Don’t run the risk of becoming un-insurable
You run the risks of your private student loans falling back on your co-signer.
You run the risks of changing your spouse’s retirement plans
Until next time - Nicole
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