1) My family can rely on loans or other family members
We know we can count on our families for support as we navigate life. But if you were to die, your family’s world would change on its axis – emotionally and financially. A time of mourning is not the time to raise funeral funds or make phone calls for money every month when bills are due. Life insurance means that there may be an affordable solution so that this does not have to happen.
2) Money is tight. I simply cannot afford life insurance.
Bills, rent or mortgage, car payments, childcare, food, gas…and the list grows as your family does. So what would happen to them financially if you died? If you̵7;re gone, so is your income, but their bills and expenses will remain the same. If money is tight, you can’t afford not to have life insurance. It takes the financial burden off your family when you are no longer around to do it.
3) Life insurance will be a free ride for my kids
Your parents taught you hard work, and that’s what you teach your children. But life insurance isn’t about leaving your children with a financial windfall. It’s about practicing—and teaching—the principles of personal financial responsibility. Preparing for the future with life insurance is a lesson in goal setting, budgeting, and discipline that ensures your loved ones will be fine financially, which is a valuable lesson to pass on.
Don’t let these myths stand in the way of getting life insurance—or more of it. Request a quote for life insurance.