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Why People Put Off Buying Life Insurance (& Why They Shouldn’t!)

  • September 12, 2019

Common Reasons People Delay Acquiring Life Cover

Many families put off purchasing life insurance for various reasons. The excuses that come up are usually the same. Purchasing life insurance in Westlake Village, CA may not seem important when you’re busy working and tending to home life, but life (and death) happens unexpectedly. The least you can do for your family is be financially prepared if the worst does happen. Take a look at these common reasons why people put off buying life cover and why they shouldn’t wait any longer.  

  • “I’m healthy. I’m not going to die soon so I don’t need it yet”

It’s a common misconception that if you’re young and healthy, you don’t need life insurance. Although no one can predict the future, but death is guaranteed. Being in good health doesn’t make you invincible to life’s many accidents and tragedies. The younger and healthier you are, the more reasonable premiums you can enjoy, which means the right time to buy life insurance is now.

  • “It’s too expensive”

The families that live paycheck to paycheck don’t want another expense to worry about. While it’s not always easy to find “extra” money, it’s still very important that you find a way. If you struggle with finances now, imagine taking away half your family’s income. Life insurance is a financial safety net that every family needs to protect their future finances. What’s more, life insurance can be as expensive or as affordable as you’d like – so tailor it to your budget!

  • “I get life insurance through my job”

Some businesses offer life insurance to their employees as part of their benefit package. However, most of the time these policies are group policies, and if you get fired or leave the company, your insurance will end. Additionally, life insurance offered through employers may provide enough coverage to suit your family, which is why it’s essential to take out a personal policy as well.

What are you waiting for? Don’t leave your family in the lurch. Falsken & Associates Insurance Agency can help you determine how much life insurance you need and which insurance type to buy. We serve Thousand Oaks, Westlake Village, and surrounding cities in California – Give us a call to get started.