Why Don't People Insure Their Precious Lives?
We all attach value to everything in our lives. Everyone i do know puts the very best value to their families, parents and health. I even have heard people say that they will and can do anything to guard their families. And, I totally believe that folks will do everything humanly possible to guard their families from invaders, killers, etc.
But, then why don't 35-40 percent of Canadians protect their families from themselves?
I mean it might be our fault; if we die and family has got to struggle financially. it might be hard enough for family (wife / kids / parents) to cope without having us around.
Why don't 35-40 percent of Canadians have their lives insured to form sure that their loved ones are financially protected? We all have our cars, homes, boats, etc, insured. We put very high value on these material items. But looks like 40 percent of Canadian put less value on their lives than other things.
Why can we put our families at risk?
Have you ever thought about; what would happen to your family if you die tomorrow during a car accident?
I know brooding about our own death isn't a subject we wish to mention . But, as you recognize death is one among the certainties of life. I even have heard many excuses why people don't need to insure their lives.
Below are a number of the most excuses, why people don't insure their lives.
Excuse #1 - i do not need life assurance .
This is the foremost common excuse I hear from people. i think this excuse isn't real for many people. There could be some people out there who have money available to hide all debts and expenses. But, most of the people don't fall under this category. i feel you do not need life assurance if:
• you're single and do not feel that you simply owe anything to your parents.
• you're debt free and have extra cash to hide death expenses and family expenses.
• you do not feel the necessity to exchange your income for your family.
• you do not care what happens to your kids after your death.
• you do not care what happens to your spouse after your death.
• you do not feel that a charity can use your insurance money to assist the needy.
Let's be honest, I even have not met an individual yet, who says that he doesn't care about any of those things. This excuse isn't valid for anyone.
Excuse #2 - life assurance is extremely expensive.
This may need been the case previously, but it's never the case anymore.Term life assurance is that the most affordable product within the market. Below are some samples of insurance rates:
1. 30 year male can get $100,000; 10 year insurance for $11 per month.
2. 30 year male can get $100,000; 20 year insurance for $13 per month.
3. 30 year female can get $100,000; 10 year insurance for $9 per month.
4. 30 year female can get $100,000; 20 year insurance for $11 per month.
Note: These rates are estimates only. Contact your insurance advisor to urge a politician quote.
As you'll see, for alittle monthly payment, you'll get $100,000 in life assurance coverage. Basically you'll purchase dollars for pennies.
Excuse # 3 - There are too many requirements to urge a life assurance .
Insurance companies are during a business to form money. they're taking up your risks and promising to pay your family the sum insured. they need to form sure that insurer is healthy and may make the premium payments. Actually, there are only only a few basic requirements.
What would you are doing , if you were the insurance company? Would you give life assurance without having the clients meet requirements?
Excuse # 4 - It takes too long to urge life assurance approvals.
Actually there's not an extended process to urge insurance. If you pay your first premium with the appliance , you get temporary insurance up to $500,000, considering that you simply are insurable. Your application will undergo the appliance process which may take 4-6 weeks, but that ought to not be a problem since you're covered under temporary insurance anyway.
Excuse # 5 - i do not know anything about life assurance and do not know where to start out .
There are many things in life, which we do not realize . There are life assurance advisors who can assist you . they ought to be ready to explain life assurance products intimately .
So, as you'll see these excuses aren't valid in the least . If you actually care about your family, get insured. this might be the simplest gift you'll leave for your family.
