Top Three Inherent Risks of Refusing to Buy Life Insurance

image of a deceased person with an "uninsured" toe tagTo anyone who has been visiting our website over these many fantastic years, you have undoubtedly learned about the abundant reasons you should invest in a life insurance policy.

So by now, you have already consulted with our team to find the best life insurance policy for you, right? Right?

If you have, great! You’ve taken a very valuable step to ensure the financial security of your loved ones if something bad happens to you. If you haven’t, however, why? What are your reservations? Do these apprehensions outweigh the benefits?

To help you make a final decision as to whether a life insurance policy is right for you or not, we’re diving into the top three inherent risks that come along with refusing to buy life insurance. Let’s get started…

Risks of Refusing to Buy Life Insurance

1. You Miss Out on Benefits That Greatly Outweigh the Cost

Here at The Mutual Fund Store Life Insurance – Financial Engines, Term Life Insurance is easily our favorite insurance option to recommend. Why? Because its flexible, efficient, and above all else, it’s affordable. Term Life Insurance is designed to fulfill your specific needs – nothing more and nothing less, making it the best policy for your life and your wallet.

2.You Miss Out on Partaking in Benefits While You’re Still Alive

You wouldn’t be off base if you believed life insurance was only useful if you were no longer on this earth; this is its main purpose, after all. That said, life insurance can also provide some benefits to you while you’re still living. Unlike Term Life Insurance policies, Whole Life Insurance exists to do exactly as the name implies – protect you your entire life. Although this policy usually comes with higher premiums, Whole Life Insurance policies have the power to accumulate cash value on a tax-deferred basis.

3. What About Your Family?

Sure, the conversation always comes back to this specific topic, but it may be the single most important risk of refusing to buy life insurance: What happens to your family if you pass away and haven’t invested in a policy to take care of them? Can they afford your funeral? Can they pay the bills? Are the cars at risk of being repossessed, or is the house in danger of foreclosure?

It’s a nightmare scenario, but unfortunately, it’s a very real possibility for families who cannot stay financially afloat once a loved one has died.

Invest in a Life Insurance Policy Today

If you have refused to buy a life insurance policy up until now, don’t hesitate any longer. Life insurance is more attainable than you think. Reach out to our team for a free consultation, and we’ll find the perfect policy for you that fits your needs, budget and offers your family the peace of mind it deserves.

 

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Term Life Insurance products offered through TMFS Insurance Agency LLC, a separate company, affiliated with Financial Engines Advisors, L.L.C. (FEA), in states where licensed. TMFS Insurance Agency, LLC is under common ownership with FEA. Each entity is its own separate entity that provides services for its client independent from the other.

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