5 Bad Excuses for Not Buying Life Insurance
There are many good reasons to buy life insurance, but for some reason millions in this country are either underinsured or not insured at all. If you have people who depend on you financially, chances are you need life insurance coverage. Many people who should have coverage put it off for one reason or another. Here are some bad excuses for not buying life insurance. Are you guilty of making any of these excuses?
“I don’t need it” – If you have financial dependents, it is most likely that you need life insurance. Most people who are young and healthy never really think about their own mortality. Who really wants to talk about dying? But if you think about it, you’ve probably known someone that passed away far too soon. Chances are that you will live a long life, but protecting your loved ones should be a priority if you aren’t so lucky. Many people simply don’t see the need for life insurance because they have never thought about the consequences of not having it and they think it will never happen to them. How would your family cope financially if you died?
“It’s too expensive” – Term insurance rates have never been lower. Did you know that a 35 year old male in excellent health can get $500,000 of coverage for 30 years for less than $50.00 per month? That same coverage for a woman would cost under $40.00 per month. If you think there is no room for life insurance coverage in your budget, think about the budget constraints your family might have if you weren’t around to provide for them.
“I don’t have time to buy it” – The process of buying life insurance in most cases is pretty simple. Most agents can even take an application over the phone that can be signed electronically. The paramedical exam takes about 20 minutes and can be taken at your home on the weekend or before work if you want. Once the medical exam is completed, you just have to wait for a decision from the insurance company. If you don’t want to take a medical exam, there is even a non medical policy option that can be approved immediately in most cases. How easy do those options sound?
“I don’t know anything about it” – There are plenty of areas to research life insurance, namely our blog! Finding an independent agent who can explain the various types of policies and show you multiple quotes and coverage options from different insurance companies should be enough to make you feel comfortable. Life insurance planning for most families is a very simple process that can usually be handled with term insurance.
“I have (insert medical issue here). I can’t get covered” – You’ll be surprised at how advanced insurance companies have become at underwriting applicants with medical issues. People who are being treated for high blood pressure and high cholesterol can still get preferred best ratings by some companies. For more serious impairments like diabetes, asthma, heart disease and even some cancers, insurance companies can still offer affordable coverage depending on the severity of the impairment. You should have an independent agent shop your case to find the best rating available for your particular medical situation.
Don’t make excuses for putting off purchasing life insurance. Let us show you how easy and affordable it is to get covered. We have access to over 40 insurance companies and will use all of our resources to get you the best coverage option available. Please feel free to give us a call at (888) 687-9444 or email us at info@archstoneagency.com if you have any questions.
Archstone Insurance Services, LLC is an independent agency that shops over 40 of the top life insurance carriers to provide huge savings on life insurance coverage for our clients. We are happy to answer any questions you might have about any of the insurance products we offer, your planning needs or your existing coverage. Feel free to call us directly at (888) 687-9444 or email us at info@archstoneagency.com. You can also visit our website at www.archstoneinsurance.com.
