Most of us take more time planning our vacations than our financial futures.
Mistakes people make when it comes life insurance...
People have so many misconceptions about life insurance. I hear people say, especially those that are just married or had their first child, is: “I don’t need life insurance.” And I always reply, “Of course you don’t. You’re the one who’s going to be dead. Your family needs it.” It’s not about what you need; it’s about what your family needs if you aren’t here.
Mathematically I can show most people that they do need life insurance, especially those who are younger and who can’t self-insure yet. It’s important ask yourself questions like, Could your family stay in your house, if you weren’t around? Could your children’s education be funded? And so on.
It’s not about what you need; it’s about what your family needs if you aren’t here.
Another misconception with life insurance is that you never get paid, but in this world there’s one thing that’s 100% certain: that we will die. If you buy a life insurance policy that will be there as long as you will, your loved ones will certainly get paid.
Just look around at someone you know that’s gotten sick or has died that didn’t have insurance and compare that with someone who did. You’ll see how much easier it is for a family to deal with these issues when there is insurance.