07/05/2026
One reason why some people avoid getting insured is the fear that they might lose their job and won’t be able to continue paying the premiums.
But job loss, while difficult, is still a solvable problem. People can find another job, start a side hustle, or recover financially over time.
The bigger problem is when income loss comes from critical illness, total disability, or death. Those are boss-level financial problems because they can completely stop your ability to earn while also creating huge expenses.
That’s exactly why insurance exists.
This is also why insurance advisers should encourage clients to build an emergency fund worth at least six months of income. If income temporarily stops, that fund can help cover living expenses and insurance premiums while looking for another source of income.
At the same time, people should be properly assessed first before getting a policy. If your budget is tight but you can commit to paying consistently, Term Insurance may fit you better. If you’re willing to pay more for added flexibility during hard times, Whole Life or VUL-type policies may work better for you.
Insurance should not just be sold. It should match the person’s financial capacity and real-life risks.
