Life insurance is important. Yet, half of Americans have no life insurance. The other half owns a policy, but only about 3x their annual income in death benefit. Bottom line: Folks either have no life insurance or are tragically underinsured. For someone who owns 3x their salary in life insurance, I often ask them, “When you die, how long do you plan to be gone? If it’s more than 3 years, your family may have a huge problem!”
Well, today I received a text from a friend. He sells home and auto insurance mostly (we don’t). He also sells a bit of life insurance. The text was very disturbing.
Actual screenshot of the text:
“A buddy of mine, u don’t know him, has all his p&c and biz insurance through my office, telling me for years he wants $500k term but keeps putting it off”
“He’s 53 5’10, 23 lbs like to party, no-exercise. Last week having trouble breathing, calls 911, he’s dead when they get there six minutes later, massive heart attack”
“You’ve heard that a million times, hits home when it’s someone u know”
“He wNte to wait nd lose 20 lbs for a cheaper rate”
We hear all the excuses… it’s too expensive, let me get healthier to bring down the cost, I don’t want to pay for something I don’t benefit from…the list goes on. But when death comes knocking, reality comes like a slap in the face.
And as families grapple with the loss, questions begin to arise…how is the mortgage going to get paid? Will there be enough for tuition? Food? Clothing?…you get where this is going.
Any way you slice it, it sure puts an exclamation point on those procrastinators and those who think that it’s a good idea to wait for something to change or get better (losing weight, lower cholesterol, etc.). People need the coverage NOW. We don’t want to have what happened to this guy happen to you!
Unfortunately, it happens every day.
Call us today at 800-496-9083 and speak to a real person! We do it all right over the phone. It’s easy… no three-hour kitchen table face off. You have enough things to think about, so we’ve taken the stress out of shopping for life insurance.
Keep Reading and Learn How to Save Money for Life
Shopping for life insurance. Where to begin?
How is my life insurance rate figured out?
Learn about the different kinds of life insurance
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