30/01/2022
❓🙋🏼♀️5 FAQs for the reason why we need insurance for protection.
There are a lot of reasons why people think they don't need life insurance. Here are some of the most common — and why they may not add up.
1️⃣ I have life insurance through my employer
— A lot of jobs offer a group life insurance policy that's usually one or two times your salary. While that's a good start, in many cases, it won't be enough for your loved ones to replace your income over the long term. Plus, if you leave your job, that policy often won't travel with you.
2️⃣ It's too expensive
— There are a lot of different types of life insurance policies, making it possible for virtually anyone to find something in their budget. If you're young and healthy, policies tend to have a very affordable monthly premium.
3️⃣ I don't know anything about life insurance
— Life insurance can sometimes feel like a confusing topic. Sitting with a financial professional or life insurance agent can be really helpful. They can walk you through the policies that best fit your needs and help you figure out how much coverage you should have.
4️⃣ I can put that money into my savings
— Life insurance shouldn't be something that you look at as part of your retirement plan. Rather, it's there to help your loved ones after you pass.
5️⃣ I don't have the time
— You can complete most of the paperwork for many life insurance policies online from the comfort of your living room. If you need to get an exam, these typically only take about 30 minutes.
