Guess what, folks?! It’s ! It may not be quite as fun as, say, (which is also coming up, FYI), but since there are over in the United States who don’t have life insurance (and even more who may not have enough of it), it’s safe to say we could stand to get a little more familiar with the subject (or, as we might say on September 19, famili-AAARRR).
Using insurance to protect what we care about comes pretty naturally to us in most cases. Sometimes it’s mandatory, like car insurance, and sometimes it’s built into our work benefits, like health insurance often is. But, even when it’s completely at our discretion, we typically opt to insure things that we value. We buy coverage for our vehicles, our homes, our bodies, our cell phones, our televisions, and our jewelry. Heck, you might even have coverage for your coffee maker. A lot of us pay for those extended warranties and optional protection plans that we’re offered at the checkout because it seems like a small expense compared to the cost of replacement or repairs.
When it comes to life insurance, though, we’re a little more hesitant. With carrying no life insurance at all, we have to ask ourselves: why do we have an easier time protecting our stuff than our families? Let’s look at a few possible reasons…because identifying the problem is always the first step to finding the solution.