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The Great Life Insurance Scam DEBUNKED

I don’t have to work too hard to paint you a picture of the Great Life Insurance Scam! 

You know exactly what I mean – the predatory life insurance salesperson who shows up at your house with only ONE goal.

To sell you as much life insurance as you’ll take. Of course, all of this is to prop up his or her commissions. 

Yep, sadly, that’s the impression far too many people are left with when it comes to the insurance industry…

…BUT is there any truth to this mythological portrayal? 

The Great Life Insurance Scam

NOPE and let me give you 9 GREAT reasons to debunk the Great Insurance Scam. 

Psst - Spoiler Alert: The above caricature has nothing to do with me or Huntley Wealth. If you're looking for personalized, honest service you needn't look further.

We can help you find the best bang for your buck when it comes to affordable and comprehensive life insurance coverage. 

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!  

Get REAL People - Death Happens  - That's No Scam 

So let’s get back to business.

Having a loved one die can be one of the most traumatizing events in a person’s life. The emotional impact alone is enough to drive people into depression. 

…but the financial effects slam families without warning. When the primary breadwinner passes away, it’s like a nuclear bomb being detonated in the middle of your life.

If you think that’s tough for adults, try being a kid. Virtually everything is turned upside down in the blink of an eye. 

According to the Journal of Hospice & Palliative Nursing: 

“One out of every 20 children aged fifteen and younger will suffer the loss of one or both parents. These statistics don’t account for the number of children who lose a “parental figure,” such as a grandparent or other relative that provides care.” friendsofaine.com

WOW!

These numbers even surprised me.

Sure, your family will inevitably move on after you die –  but remember – your debts and obligations won’t just evaporate. The beneficiaries of your estate have to deal with them.

Face it, without Life Insurance, your family might not be able to maintain the quality of life they’ve become accustomed to. The worst-case scenario is almost unfathomable. They may lose everything – have to sell the house and car to start over whether they want to or not.

…and this entire picture of their future rests on your decision to buy Life Insurance…or not. 

Despite these facts, a study from 2017 shows that 41% of Americans don't have life insurance! 

WHAAAT?

This is a scary statistic!

I hope you're thinking to yourself right now...

"Don't people realize the importance of Life Insurance?" 

Sadly it appears not - so I am going to rectify this situation.  Strap on your seat belts and get ready to explore 9 reasons why the Great Life Insurance Scam is a terrible fiction. 

Top 9 Reasons Life Insurance Is One of the Best Investments You'll Make in Your Life


The Great Life Insurance Scam Business Accident
  • Accidents happen unexpectedly, which means the being prepared is essential...

  • No one likes to talk about death; whether that’s the loss of your own life or someone close to you.

    Because of this, planning for life insurance can sometimes be a tough topic to discuss. Most of us like to think of ourselves as immortal, but unfortunately, accidents do happen, so being prepared is essential.

    Death by an unexpected illness, accidents or natural causes can happen at any time. 

    Although cash will never replace that loss, it can ease the financial burden.

    The payout from a Life Insurance death benefit will ensure the financial security of your loved ones no matter what happens to you.

    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!  

    The Great Life Insurance Scam Funeral

    Funerals are expensive 

    In a nutshell, funerals mean you’ll be shelling out some big bucks and this responsibility will be passed on to your next of kin. The cost of a basic funeral which includes burial, a coffin & a simple service can easily surpass $10,000.

    …and if you’re looking for more bells and whistles it can get far more expensive, very quickly.

    Without Life Insurance, that bill will be footed by your next of kin.

    Who wants that during an already overwhelmingly difficult time? This financial burden will cause unnecessary amounts of stress and could be easily avoided if you purchase life insurance. 

    The Great Life Insurance Scam Funeral Debt

    Debt stinks and it will be passed on to those you love.

    Debt can be an awful burden on anyone, causing long-lasting stress & financial struggle. By investing in a Life Insurance policy, you can avoid leaving debts for your next of kin and loved ones.

    The death benefit will assist those around you with financial liability in case of your early demise. 

    Wouldn’t it feel great to go to bed knowing you’re doing everything in your power to ensure a safe and financially secure future for your family? 

    The Great Life Insurance Scam Business

    To ensure the financial security of your business.

    A common misconception about life insurance is that it only covers individuals. But this is NOT the case! If a business owner or partner loses their life, great Life Insurance planning can protect the business from financial instability or keyman loss that might lead to bankruptcy if left unaddressed. 

    Life Insurance can play an extremely important role when it comes to the success of your business when you’re gone. 

    The Great Life Insurance Scam Children

    Protect your children’s future.

    Every parent wants their children to have a safe and secure future. The loss of a parent’s life can impact whether a child can afford to go to college, whether they can go to a good school, or whether the family can survive the loss of a major player in their lives. 

    Life Insurance doesn’t place a monetary value on your life but rather eases the lives of your loved ones so they have a secure and financially stable future after you’re gone.

    The Great Life Insurance Scam Retirement

    Supplement your retirement 

    Having the correct type of life insurance and the appropriate amount of life insurance coverage in retirement will accomplish multiple jobs. It can help protect your income, provide tax-free cash flow, help manage taxes, provide peace of mind to families, and even improve the total returns in a portfolio. Why Life Insurance Is Essential For Retirement Planning, Forbes.com

    Yep – life insurance can be a great way to supplement your retirement years. Even if your parental obligations are discharged – you may still have a spouse or partner that relies on your pension or social security. What better way to protect their quality of life, than by taking out a policy that will cover that loss should you die unexpectedly. 

    If you have a bit more money in your estate you can also get creative with life insurance planning. That’s why it’s so very important to speak to a KNOWLEDGABLE independent agent that can walk you through some terrific strategies. 

    Life insurance used as a tool for retirement can offer tax-deferred growth, tax-free cash flow, and a tax-free death benefit.

    There really are a TON of ways to use life insurance for retirement – so I’m going to save that information for another post. 

    The Great Life Insurance Scam Zen

    Peace of mind

    Life Insurance benefits will never make up for the loss of a loved one.

    Nope, I can’t make that claim.

    But I will say however, that it provides a level of protection and peace of mind that at the very least, your family’s financial situation will be secure.

    Your spouse will have enough money to live on, your children can go to college and the business you’ve worked so hard to build will continue to move forward. 

    Now that’s something. 

    The Great Life Insurance Scam sickness

    Unexpected illness, chronic illness and long-term care 

    Unexpected illness can happen to anyone.

    If you think ahead, you can even choose a policy that gives you some cash when the going gets tough. 

    Ask your independent life insurance agent about Chronic and Long-Term Illness riders. This can save you a LOT of hassle in the long run. 

    HEALTH ISSUES?  WE'LL HELP GET YOU APPROVED!

    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!  

    The Great Life Insurance Scam Investment

    It can be a financial investment if you've exhausted your other options 

    Of course, I wouldn’t typically call life insurance an investment. There are better things that you can do with your money if you’re looking to make a profit. 

    That being said, you can strategically use a permanent life insurance policy as a vehicle for investment. You can borrow against the cash value of your policy to purchase a home (or some other expenditure) without having to pay taxes or penalties. 

    This is another reason to speak to Huntley Wealth. We have some great strategies to discuss with you. 

    I’ll leave you with a few parting words. 

    For MOST people – I would recommend you buy term and invest the money you would have spent on costly permanent solutions. Typically this works out best for the majority of people. 

    So what's the verdict? The great life insurance scam DOESN'T exist**

    The Great Life Insurance Scam Verdict

    The Great Life Insurance Scam is simply a myth.

    I’m not sure where it started but I feel VERY comfortable debunking this falsehood.

    Quite simply put, Life Insurance is one of the most valuable investments in your future that you’ll ever make. 

    There are few things in life that deliver financial security to your family and peace of mind.

     

    **Of course, there are always going to be a few bad apples in any bunch, and Life Insurance sales is no exception.  However, on the whole, life insurance agents are simply looking to help consumers protect their loved ones with financial security in case of their untimely death.  And, if you stick with a simple term or guaranteed universal life policy, you should be just fine!

    If you aren’t insured and have debt, a mortgage, dependents, business obligations or all of the above, you need to speak with the agents at Huntley Wealth today. 

    So be a superhero & take care of business 

    At Huntley Wealth we’ve seen it all.

    The clients who didn’t pull the trigger that should have. The ones that did and passed away knowing their families would be secure. 

    …and I’ve got to tell ‘ya there’s nothing quite like delivering that check – it’s bittersweet but satisfying, knowing that their families will be ok. 

    For me, the TRUE superheroes in life plan for the financial future of their families.

    Why not bulletproof your loved ones well being and get covered TODAY. 

    Huntley Wealth Life Insurance
    *While we make every effort to keep our site updated, please be aware that "timely" information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.

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