In my time serving the insurance industry, i've heard a variety of reasons why folks don't purchase insurance or enough of it.
First, let me say that i believe in the products, which is why I purchase such products for myself and my family.
I've heard several over the years and my favourite is "I don't believe in life insurance". I submit that I have not heard of beneficiaries refusing to collect the proceeds to support that claim. There should be more insurance benefits refused if the statement matches the reality. It is not that folks don't believe in insurance and what it does; it is that they may not see the importance at the time of disucssion.
Let's be clear....next to noone likes paying for insurance, but we like what it does for us when needed.
What will happen to my family financially if i'm unable to provide as a result of death, critical illness or disability?
Will we be able to pay the rent or mortgage?
Will we be able to afford the vehicle payments?
Will the kids be able to continue in thier activities?
Will my spouse be able to take time off to adjust and care for the children?
Will we need additional childcare?
Can they stay in the same home and attend the same schools without my income?
Will additional employment be needed for the family to survive financially?
If so, who will take care of the children and how will they manage?
These are some of the questions we need to ask ourselves. Do we have the answers or do they bring up more questions?
Also, if the proper coverage seems too costly, remember that some is better than none.
Please review your situation. My team and I are available to help and look forward to working with you.