Is Life Insurance Really Too Expensive?

Life Insurance

Did you know September is Life Insurance Awareness month? According to “2013 Facts of Life, LIMRA”, “Consumers who believe they need life insurance, 86 percent haven’t bought it because they think it is too expensive”.

That is a pretty high percentage that have not bought life insurance just based on thinking it is too expensive. I would recommend investigating life insurance quotes and speak with a licensed agent. They can explain the many different types of life insurance, match your needs to the correct policy and provide you with cost estimates. If you don’t do this, you could be under the impression it is too expensive and never purchase life insurance.

In my opinion, having some life insurance is better than having none. One thing is for certain and that is we do not know what the future holds. If you have a family and have not looked into life insurance because you may have heard somewhere along the way it’s too expensive or a waste of money, what happens to your family if the primary income earner passes away and there is no life insurance. What would the family do then?

These days there are many financial constraints on families. Everyone is working within some kind of budget. Once you gather some life insurance quotes, you can then use this information to estimate if you can factor it in to your budget. So rather than assuming life insurance is too expensive, take some time to gather quotes, review your budget and really think about what your family or loved ones would do if you were to suddenly pass away.

Don’t wait any longer, after all it is Life Insurance Awareness Month! 

About the author: Dan Cody has been in the life insurance business for over 7 years. He loves playing a variety of instruments including the guitar, bass, drums, and piano. He also supports cancer research foundations and volunteers at local pet shelters. Dan enjoys helping customers understand life insurance, so they can find a solid policy that fits their needs. You can reach Dan at 1-800-651-1953 or DCody@Pivot.com.