Why is it that we procrastinate on something as important as getting life insurance in place for the well-being of our family? Human nature I guess. I actually stopped trying to figure this one out. Let's take our time and just work at getting it done.
If only we knew how we would feel having it done and the peace of mind it will bring.
Every time I have a meeting with a new family regarding insurance protection, the first thing they usually say is:
"We have been meaning to do this for a long time, but just never made the time to do it even though it is so important"; or "I have been worried about this for years but never made it a priority".
Does this sound familiar? If it does, you are not alone.
The next question I ask is, "What made you take the next step to speak with us about life insurance today?" The usual answer is, "We recently had someone in the family that just passed away, became critically ill or disabled." Some-times it takes events like these to make us take care of priorities for family protection.
Did you know?
Approximately 1 in 3 people will get diagnosed with a critical illness in their lifetime. I know within my family and among my close friends, we have seen everything from cancer, stroke, heart attack, death, multiple sclerosis, Alzheimer's, to dementia; all in a range of age from children to seniors. These illnesses are not just associated with old age. Think about the last six months and I am sure you know someone in the same situation.So why do people procrastinate in getting life insurance?
Here are some common reasons why clients have delayed getting life insurance:
- We don't fully understand the purpose of life insurance.
- We have no clue about how much insurance we actually need.
- There is so much information on the internet that we don't know where to start.
- There seem to be so many types of life insurance and I am not sure what we can afford.
- We feel like we are going to be sold something we don't want or the wrong thing and we will regret it later.
- We don't have a connection to someone we trust.
- I don't think there is much risk or need for life insurance.
This is why I started to blog about life insurance.
I want to become that trusted source for quality information and provide people with an easy to understand format for in a comfortable setting. I believe that if people are educated properly about life insurance, they will make great decisions. Once you understand the basics, which does not take long, you will feel more comfortable at scratching this off your to do list. Now, we don't expect you to go through the vigorous life insurance licensing program and know the inner workings of a universal life insurance contract, but, you will feel comfortable with the process and the insurance you put in place. We don't expect you to become an licensed agent either.
Once life insurance is in place you will feel relieved.
Having peace of mind that everything will be taken care of is such a great feeling. Had I known how relieved my wife would be after we took this task off our list, I would have done it a long time ago. When I asked her she just said,
"You know if something was to happen to you or me, we need to make sure that our family and children are taken care of and that we don't have to worry about money, worry about where we are going to live, worry about whether our children can can go to college, worry about how we are going to put food on the table."
I didn't realize the stress it had put on her.
Whats your next step?
If you are ready to take the next step, just contact us to get things rolling and we will align you with one of our advisors.
If you aren't quite ready yet, feel free to learn more by searching through all our articles. To help guide you even further, it is best to complete a life insurance needs analysis. This will provide even more clarity and direction. It just happens to be a requirement by our insurance regulators as well, so you will have to complete it at some point.
If you are not sure what can fit your budget, just ask for our FREE easy budgeting tool to help free up cash flow to purchase those important things in life.