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3 (Bad) Reasons People Don’t Purchase Life Insurance in Pasadena, CA

25 August 2016 0 Comments Category: Life Insurance

3 (Bad) Reasons People Don’t Purchase Life Insurance in Pasadena, CA

Mortality and death are not the most cheerful of topics, but the need for life insurance in Pasadena, CA should be something that you need to talk about with your spouse.

Life insurance in Pasadena, CA is something that most of us agree on where we make sure our families are financially secure should the worst happen to us, but don’t actually buy. A staggering 30 percent of all Americans don’t have any kind of life insurance policy, and only 26 percent of people had a group insurance policy (usually offered through employers). At the same time, half of all U.S. households said they either want to purchase life insurance or need more life insurance, and only about 8 percent reported they were very likely or extremely likely to purchase life insurance next year. Here are three bad reasons people don’t purchase the life insurance policy they very much need to protect their loved ones.

The Three (Bad) Reasons

  1. Misconceptions. There are many misconceptions surrounding life insurance that puts a lot of people off and stops them from buying life insurance. These misconceptions go from things like cost, to issues with insurance companies. Unfortunately, our brains are easily fooled and are willing to believe the more fantastical story rather than the facts (see: most conspiracy theories).
  2. Cost. Many people (63 percent, in fact) said they haven’t purchased life insurance because they believe it to be a very expensive investment and don’t see the overall cost of it to be worth it. Many believed that a $250,000 term life insurance policy would go for about $1,000 a year. The truth is that it’s much closer to $150 a year! Much more feasible and affordable.
  3. Complexity. Many people start reading about life insurance and see a multiplex system of insurance-related terms and phrases and initialisms and acronyms that they’ve never come across, and they simply give up before they even get passed the first paragraph. We get it and don’t blame you at all! It can be difficult, but with the proper life insurance agent, they should make it as easy as pie.

To make things as easy as possible, you need the right insurance agent so you can understand what you’re getting into before you either run away from a necessary policy or sign on the dotted line and then, later, figure out you’re not covered for the things you need. When it comes to finding the right life insurance, contact the insurance professionals at Massive Insurance or get an instant quote now!