In a recent survey by Penn Mutual the respondents had a choice between talking about life insurance or living without their smartphone for a week. Surprisingly, 39% replied that they prefer to be without their smartphone, than talking about protecting their families.
When asked why they chose their answer, most people said that life insurance is too complicated, too expensive, or purely prefer not to think about death. It’s 2015 and these myths about life insurance are still alive and well.
I have showed many times that for families where there are dependents who need protection life insurance is not only necessary, but it can be also easy to issue and very cheap (from only $5/month!). The best thing though is that new life insurance policies now can include LIVING BENEFITS, meaning that you don’t have to die to receive benefits, life insurance policies can also pay a benefit in case of illness or accidents.
How about YOU?
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