Why Don’t You Have Life Insurance?

What is the real reason holding you back from purchasing life insurance? Are you like most Americans who don’t have it, but say they know they need it?

A study from Life Happens and LIMRA shows that while 85 percent of the study respondents agree that most people need life insurance, only 59 percent say they have life insurance.

Does this ring true for you? If so, don’t let one of these six reasons hold you back from buying life insurance.

It’s too expensive.

Cost is the number one reason why people don’t have life insurance. The same study shows that consumers tend to overestimate the price of life insurance. For example, when they asked consumers how much they though a $250,000 term life insurance policy would cost for a healthy 30-year-old; the median estimate was $500 annually, which is more than three times the actual cost. Life insurance is more affordable than you think, and there are lots of ways to bring the price into your comfort zone.



I have a health condition.

The good news is that having a health condition does not automatically disqualify you from getting life insurance. If you overcame a serious condition in the past or if you are managing a condition with the help of a medical professional, you can still be covered.



I don’t have any kids.

There are lots of reasons people without any children still need life insurance. A few include providing for a financially dependent spouse or another family member, having the money to pay for a funeral or being to pay off a loan that has a cosigner. Life insurance can also help you leave a gift to a religious, educational or charitable organization near and dear to your heart.

When you purchase a life insurance policy, consider adding a Guaranteed Insurability Benefit rider, which lets you increase your protection in the future, when you may have children or other reasons to increase coverage. By purchasing this rider with your initial life insurance policy, you will be able to increase your coverage over time without having to answer medical underwriting questions.



I don’t work outside of the house.

If you are a stay-at-home parent or stay home to care for other family members, it may take hiring someone to replace all that you do. That could be pricey, so definitely consider buying life insurance as a way to cover those additional expenses.



I’m not sure what I need.

Most people don’t know what kind of life insurance they need, but your independent agent at R.C. Keller & Company is here to help you. Our agency offers options like term insurance that is designed to last for a specific period of time and permanent plans that are designed to last a lifetime. One of our agents can recommend one plan that works with your life and budget. You can also get an idea of how much life insurance you may need to by using our life insurance calculator.



I don’t have the time.

We understand life is busy, we offer e-signatures on some life insurance policies that make the process easy and convenient. We also offer some life products that have little to no medical questions.




Here at R.C. Keller & Company, we understand that life insurance isn’t something you want to talk about, but it is too important to keep putting off. Our agents will make the conversation about protecting the people that matter most to you as easy as possible. When it comes to life insurance, the only wrong choice is doing nothing at all.

We offer more than just a policy

See what we can do for you today