9 Reasons People are Wrong About Life Insurance

A lot of people think that purchasing an insurance policy is impractical since it would just be an additional expense, especially to those in a tight budget. But have you come to think on the positive side of having an insurance policy? Yes, it would be a great help to us whenever emergency situation comes.

​

​Here are some of the reasons why people avoid shopping for life insurance.

1.)  People think life insurance is expensive. Wrong!


Most people think that insurance is only for those who are wealthy because they already have a misperception that life insurance would cost much.  We have policies for under $10 a month that can offer considerable protection.  


2.)  People think life insurance is overwhelming. Wrong!


There are many types of insurance to choose from. But most people actually purchase term life insurance. This can be a smart choice depending on your situation, but life insurance agents like us here at Roper Insurance are very skilled at making things as easy as possible for our clients.


3.)  People think if you are young and healthy you don’t need life insurance. Wrong!


We all have a mind-set that people die when they become old. So, the majority thinks that you don’t need protection when you are still young since you won’t be using it anyway. The mistake in this thinking is that it is actually cheaper if you purchase life insurance when you’re still young and healthy than when you’re already old with some developing health problems.


4.)  People think if you have health issues, you can’t get life insurance. Wrong!


Everyone is eligible to life insurance regardless of your medical issues. Even the terminally ill can get insured. Yes it is true that when you have health conditions you will have higher life insurance quotes but the price is still within reach and the higher the cost the greater the potential need. You just need to look for the right insurance agency to help you find coverage that will fit your needs and budget.

5.)  People think if you are single you don’t need it. Wrong!


We can give you tons of reason why the singles need insurance too. Of course all of us want to get married, so no one will forever be single. If you have parents who may be financially dependent on you, or maybe you are planning to have a children in the future; then it is best to get insured now while you are still single. Remember, it is better to be prepared.


6.)  People think you should set money aside for savings rather than buy life insurance. Wrong!


According to recent studies, 29% of millennials prioritized saving for vacation and 23% for recreational activities and shopping. But have you come to think that those vacations, recreational activities, and shopping’s couldn’t help whenever you need a protection in the future, especially with regard to your health? When in fact, it will not hurt your budget if you would spare some cash for your term life insurance to secure you in the near future.


7.)  People think life insurance is not available for older people. Wrong!


Like what I’ve said, life insurance is available for everyone, regardless of the status in life, the age, etc. But yes, insurance coverage is much higher for older people. Some companies also offer final expense insurance to give assistance to pay final debts and burial expenses.


8.)  People think if you are a stay-at-home parent you don’t need life insurance. Wrong!

Stay-at-home parents should never be taken for granted since their work is just tremendous. What will happen if the stay-at-home parent gets an accident, or gets sick? It is so hard for the kids, and the other members of the family, if you, yourself, the one who’s been taking care of the family, don’t get your own protection.

9.)  People think life insurance through their employer is sufficient. Wrong!

Most group life insurance typically pays fairly low benefits. So it is best to purchase a personal policy to make sure that you will be taken care of, as well as your family.


We at Roper Insurance Services are concerned with the wellbeing of your family and would like to help you get things right about life insurance. So don’t hesitate to call us whenever you need someone to talk to about life Insurance. Just give us a call at (828) 697-6709. Get a free quote from us by clicking here.