Why People Put Off Buying Life Insurance (and Why They Shouldn’t)

a family smiling at camera

Common reasons people don’t buy life coverage.


It’s not uncommon for families to put off buying life insurance. The excuses that come up are usually the same. Purchasing life insurance may not seem like a priority but accidents can happen when you least expect them. When you put off buying life insurance, your family members are the ones who are at risk. Take a look at the most common reasons people put off buying life insurance and why they shouldn’t.


  • “I’m healthy, I’m not going to die soon”

Unfortunately, the worst can strike at any time to anyone. It’s a common misconception that if you’re young and healthy, you don’t need life insurance. No one can predict the future, but it’s well worth planning for the worst outcome. Buying life insurance when you’re young and healthy entitles you to great savings while offering you protection should you need it.


  • “I can’t afford life insurance right now”

The reality is that life insurance can be as affordable or expensive as you want. Even families that are living paycheck to paycheck now would struggle if half of their income suddenly stopped. Life insurance is a safety net that every family needs. Term life insurance, in particular, is incredibly affordable.


  • “I get enough life insurance through my job”

Getting some form of life insurance through your work is great – but it may not be good enough. Most of the time, these policies are group policies, and if you get fired or move onto another job, your insurance won’t carry over. What’s more, these policies may not provide the right coverage for your family’s financial needs. It’s worth supplementing this coverage if y our own policy so that you continue to carry coverage if you change jobs.


For more information about selecting the right life insurance policy to suit your needs in Phoenix, Arizona, contact the team at American Premier Insurance. As life insurance experts, we’re able to walk you through the process of selecting the right policy to meet your needs.