I know I’ve been guilty of putting off going to the dentist and much to my dismay it ended up costing me much more than I would have liked to pay. Instead of getting my teeth cleaned and checked, and maybe getting a filling, I would end up with a root canal and a crown. Sometimes it seems that doing the more prudent, maybe more adult thing, might actually save you money in the long run.
But the analogy here is about buying life insurance. The worst thing that can happen if I really wait far too long to go to the dentist is that I will lose all my teeth and spend some of my hard earned money getting false teeth (do they still call them that?). If I wait too long to buy life insurance it might cost way more than what I wanted to pay…..or I may not even be insurable for some health reason……or I might even be dead.
Now with the dentist scenario, the worst thing that happens to my family is that I waste some money that could have been used for more wise investments and my family may have to suffer some embarrassment because my teeth fall out or something.
With life insurance I might very well leave my family with nothing if I wait too long. They could lose my income, the house, the path to their futures. I could actually ruin my family’s future just because I drug my feet too long.
Men! I am mostly talking to you fathers and husbands. Don’t be irresponsible. If you don’t have life insurance, contact an independent life insurance agent today and at least get started on putting some term insurance in force. Don’t get caught up in thinking it to death. Pick an affordable amount and term length and just do it. Then, when you have life insurance in force, do some studying and see how you might change or supplement what you already have. It’s not like you are stuck once you’ve bought a term policy.
Bottom line, don’t put it off. It could end up being the worst decision you ever made for your family.
This post is somewhat dated. Life insurance underwriting is changing and evolving continually. For more updated information check out some of the key word links. If you have a specific question or topic you need information for do a search. If you don’t find the answers you need contact me and we’ll make sure you get the information that is important to you.