A recent article on NerdWallet.com covered “7 Bad Reasons Why People Don’t Buy Life Insurance.” The article cites research that shows many Americans know they need life insurance, but don’t end up buying it because of common misconceptions.
Final expense insurance is incredibly important. It’s an investment in your future, and the future of your family and loved ones. Too often we talk to folks who have put off purchasing final expense insurance for one reason or another.
The insurance and financial services industry research group LIMRA reported in 2013 that 30% of U.S. households had no life insurance at all, and an additional 26% had only group insurance (typically offered through employers, and often less than people need).
Many Americans have received incorrect information when it comes to the cost of final expense insurance.
Perceived complexity is another reason why many folks go without final expense insurance. There is a common misconception that securing life insurance involves wading through paperwork, medical exams and legal jargon. This isn’t the case.
If you’ve been putting off securing life insurance, we encourage you to learn more by clicking here. Nothing compares to the peace of mind that comes with knowing your loved ones will be taken care of after you’re gone.