Life Insurance is what every individual should have because it provides security financially, it gives hope to you while you’re alive and it makes life hopeful to your family financially when you are not alive.With the wide range of opportunities and benefits Life Insurance offers we still found out that more than 52 percentage (%) of Americans do not have Life insurance for more details of the statistic on those that have Life Insurance and those don’t have check out Forbes for the full details.
The statistic shows that more than average of Americans avoid buying Life Insurance,This data we received made us researched why are people not making use of Life Insurance it will be unprofessional to assume certain reasons on our own but with different research strategies we were able to get answers to this question – Why do people Avoid Life Insurance?
1.Misconception that Life Insurance is highly Expensive and not Affordable
The believe or the assumption of average American is that Life insurance is for the Rich and not for the poor or the average citizen . This is not true there are many fishes in the Ocean i.e There are many Life Insurance companies out there that will suit your budget it is better to look for One that fits into your plan than to admit that Life Insurance is not affordable and too expensive. There are many things that contribute to the cost of individual Life Insurance such as their age, health status, policy and Lifestyle.
2.Lack of Trust
Some people out there don’t trust the Life Insurance companies due to some bad experiences Life has brought their way or maybe they have heard or seen someone who fall into the trap of life Insurance companies with zero or no reputation. There are Many accredited Life Insurance Companies out there with good reputations that you can work with and they will fulfill all their obligations when you’re still alive or dead. You just have to be careful and seek for Help before buying any Life Insurance policy ,read on signs to know a fake Life Insurance company .
3.Lack of Awareness
Many people are out there who are illiterate on what Life Insurance is all about, the benefits and it’s advantage.Some think it’s a waste time, resource and money they are only aware of rumors and not the proper awareness of how this can be of help to them, their children and partner etc. read on how Life Insurance works and what it’s all about .
4.Having low-self esteem not to Qualify for Life Insurance Coverage
Some young adults and married people thought they won’t qualify for a life insurance coverage due to their health status , dangerous job and lifestyle. It’s better to try than not to make attempt, the better way to do this is to have an appointment with an insurance agent who will guide you on what to do and what not to do in order to qualify for the coverage.
5.Overconfidence that you can’t be a victim
we have people that don’t fall sick ,get in to accident and they don’t also get into trouble because they take necessary precautions but getting Life Insurance Insurance cannot be under estimated. Life bring it’s own things some times unprecedented circumstances comes up in life. It will be a prudent decision to make if you can have a change of mind to get yourself covered, there is an adage that says “he who fail to plan has already plan to fail“.
Do you find this Article Helpful?
We have a dream of changing lives by providing everyone with valuable content and 100(%) percent value , Astralhubs community is full of Love and passion to make Life comfortable for everyone in the world .We hope to see you join our community to be the first to get notifications on our new updated content or Blogpost and as well to ask questions.
Our faithful word remain-“we love you and there’s nothing you can do about it”