Are you seriously asking me if you should buy life insurance?
Let me give you some insight into just how clear my answer is to this question.
If you have a car you buy car insurance. I mean, it’s a no-brainer, right?
The thought of driving around in such an expensive machine without financial protection is ludicrous – not to mention illegal!
…and the same goes for home insurance. If you tell anyone that your home isn’t insured, they’d think you were crazy.
How could you NOT ensure one of your most important assets?
While cars and a home ARE major purchases, there’s one thing that trumps any material asset in terms of value.
ALWAYS Buy Life Insurance
So why the heck is life insurance so often overlooked?
…and before we get into the ins and outs of why you should buy life insurance …
You should ALWAYS contact an independent life insurance agent BEFORE you purchase a policy. YEP. I’m not sure if people truly realize what a BIG difference this decision can make.
Sure, there are some fabulous carriers that have big flashy names…
But whatever you do, please don’t work with a captive agent before you weigh your options. Calling an independent agent could save you THOUSANDS over the term of your policy.
Think saving money on life insurance is as easy as getting a quick online quote? Think again! You need an expert guide. We know the right companies for every age, health issue, and need. It’s quick and easy!
Get started with a free life insurance quote now!
Consequences of Not Having Life Insurance
Now back to our regularly scheduled broadcast! 😉
Hey, did you know Huntley Wealth has been running a scholarship program for the past year to help kids whose parents died without life insurance?
At first, I thought this was just gonna be a nice thing to do. There’s got to be a few people out there who have encountered this issue.
…but then the sheer volume of submissions hit me.
There are so many children out there who could have had different lives had their parents decided to buy Life Insurance.
Let’s take a look at a couple of their stories:
HANNA BOYKIN: The Consequences of Failure Buy Life Insurance
In a nightmarish twist of fate; Hanna went from being a carefree teenager to living as an orphan in a foster home within 14 months.
She woke up one morning to discover her mother had passed away. Grief struck the whole family like a hammer.
Her mother, a seemingly-healthy 42-year-old nurse, and the family’s main financial provider had died without warning.
To make matters worse, Hanna’s father had been suffering for years with a debilitating illness and was unable to financially support the children. At just 15 years of age, Hanna had no choice but to take on the role of caretaker for her 5 siblings and father.
Just weeks after her mother’s death, Hanna’s family received news that would tear their lives apart forever.
Her father’s condition was terminal.
Wow! …a double hit.
It was now her responsibility to care for her father, supervise her siblings, and work a part-time job to support the family financially…
…and all the while trying to maintain her grades. As you can imagine this came with huge emotional pressure.
It wasn’t until this point that Hanna discovered neither of her parents had life insurance.
Unable to provide for herself and her siblings, Hanna’s family was split up and sent to different foster homes. She still wonders to this day how different things might’ve been if her parents had life insurance.
Perhaps her siblings could have afforded to stay together? Could they have had a better chance at a more stable childhood and better educational opportunities? Hanna asks herself these questions daily.
Sadly her story is just one of many illustrating the importance of life insurance.
JEANIE LAW: Forced into Adulthood at 7
Hanna’s story was just one of many, many applications and ALL were devastatingly sad.
Jeanie Law is another child hard hit by her family’s decision not to buy life insurance.
She was only 7 years old when she found out that her mother committed suicide.
Losing a parent during your formative years is difficult enough, but if you add on the trauma of financial instability – things can get really tough.
Sadly Jeanie’s Father became reliant on alcohol and was unable to care for her…
…and the additional financial stress did them no favors. By the age of 12, she and her Dad were evicted and living in a motel.
How can a child reach his or her potential under such circumstances?
The thing is, these are just a few of the dozens of essays and videos I received from young people trying to better their lives after sustaining the devastating blow of having a primary breadwinner die without life insurance.
Yes, I’ve personally known people who had to rely on the charity of family members because they failed to plan for a worst-case scenario…
…but these applications shed new light on how many more struggling family members there are out there! We are just scratching the surface.
Facts About Life Insurance
So the facts are the facts!
According to the US Census Bureau, 2.5 million Americans die every year. That’s 6,850 people that die every day.
Hold up for a minute. I’m not just listing morbid statistics, my point will be clear in just a second.
A study by LIMRA shows that 41% of Americans do not hold a life insurance policy.
This means that 2,800 people die EVERY day without life insurance protection.
…and I am sure that out of those 2,800 people, a good percentage have families that depend on them – just like Hanna and Jeanie’s.
While it may be hard to actually imagine the sheer number of people, I urge you to put yourself in their shoes.
Do you think their parents would’ve done things differently if they’d known the consequences their inaction would have on their children?
Buy Life Insurance Today!
The strangest part about this whole debacle has been the steady decrease in life insurance policies purchased since 1965. While 72% of Americans were protected in the 1960’s, that number has decreased to just 59% in 2018.
So the question has to be asked…
Why are so many people failing to buy life insurance?
I mean, it’s easier than ever to see how vitally important life insurance is. A simple Google search uncovers countless stories of children just like Hannah and Jeanie; kids separated from their siblings, spouses being left in heavy debt or parents faced with devastating funeral costs.
Even worse, the study said 75 percent of parents in the millennial generation don’t have any coverage. It’s egregious that so many moms and dads are leaving their children vulnerable to the financial damage inflicted by the loss of a parent’s income and support. But even those childless singles should consider purchasing a policy now, as it will likely be more expensive the longer they wait. Eight Life Insurance Mistakes Clients Make WealthManagement.com
Excuses Won’t Pay The Bills – Buy’ Life Insurance ‘Cause it Will
Despite this, I hear excuses every day. The rationale behind why people don’t buy a life insurance policy to protect their family. The most common are:
‘I can’t just afford it… ’
‘It just doesn’t seem necessary!’
‘Life insurance is important for some people, but I don’t need it. I’m perfectly healthy.’
It drives me crazy because there is a vital lack of understanding when it comes to life insurance.
Americans who do not have life insurance generally overestimate the cost of a policy by 300%.
That’s 3 TIMES more than what it really costs.
The truth is, your life is the most valuable asset you have. Life insurance isn’t about YOU, it’s assurance that your family will remain financially stable when you are gone. In its most simple form, life insurance is about income replacement. It gives your family OPTIONS.
Why You Should Buy Life Insurance, By The Numbers
The average American household earns a total of $63,784 based on a 2013 study. Here are just a few things Americans spend their money on each year:
- Housing: $10,080
- Transport: $9,004
- Utilities: $7,068
- Food (Home): $3,977
- Food (Dining Out): $2,625
- Entertainment: $2,482
- Clothing & Services $1,604
What we can take away from not that Americans can’t afford life in they suck at budgeting. A few simple changes when it comes to spending habits could result in thousands of dollars saved every year.
We’re all guilty of spending too much money at some point or another. Even when we know the importance of a good budget and have a regular savings routine, we can get off track. Because Americans are big spenders in general, it should come as no surprise that we spend way too much on stuff we don’t need — and, interestingly, stuff we do need. 5 Things Americans Spend Too Much On.
What’s Really Important?
Dollars that could be invested in a more secure financial future for your children and spouse.
Changes as simple as buying a generic brand at the grocery store and saving a meager $0.10 per meal could result in over $100 in savings per year. Small spending decisions such as planning ahead and taking note of prices add up over time.
Other strategies to save some extra dollars include taking the bus to work once in a while, making the kid’s school lunches, or borrowing a book from the library rather than buying one.
It ultimately boils down to what’s most important to you: Buying an expensive lunch for the 4th time this week or protecting your children’s future?
Conclusion: Buy Life Insurance from Huntley Wealth
Life insurance is absolutely essential whether you’re a 20 something-year-old millennial with dependents or a 45-year-old mother with 5 children.
It’s protection for you and your family… And to put it bluntly, your children’s future could depend on it.
Don’t you think if Hanna or Jeanie’s parent’s had the chance to redo things, they would buy a life insurance policy to protect their family? Bet they would.
The sad truth is, we often don’t realize how important something is until it’s too late. It’s your responsibility to take action and protect your family’s future.
Protect Your Family, Buy Life Insurance
In my humble opinion, the true superheroes in life are those that PLAN ahead for the foundation of their family. All of those little sacrifices and ideas form the roots of your children’s future.
It’s the things that go unseen that make all the difference in life.
Hey, take it from someone who has seen far too many people opt out of life insurance. It really is one of the best decisions you can make for those you love.
Call Huntley Wealth today, we can find you the most affordable policy with the BEST company for your particular needs. Don’t leave your family adrift.
Life Insurance with Health Problems
At Huntley Wealth, we specialize in helping individuals with high-risk medical issues. You name it, and we’ve seen it. We’ll help you get approved quickly at a rate you can afford. Get started with a free life insurance quote now!
SAVE UP TO 73% ON LIFE INSURANCE!
Think saving money on life insurance is as easy as getting a quick online quote? Think again! You need an expert guide. We know the right companies for every age, health issue, and need. It’s quick and easy! Get started with a free life insurance quote now!