Common Excuses for Not Buying Term Life Insurance

The most common excuses for not buying term life insurance are that it’s too expensive or you’ll get around to it eventually. Still more people believe they are fully covered under employer-sponsored life insurance or are worried about choosing the wrong life insurance company. Stop making excuses for not buying term life insurance and take the first step by getting free life insurance quotes with us!

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Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites.

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 19, 2021

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Term life insurance coverage is one of the best actions you can take to protect your family’s future. And while everyone worries about their loved ones and wishes to provide for them, we hear excuses as to why people put off insurance all the time. Below are the most common excuses we hear all the time.

Life Insurance is Too Expensive.

Yes, term life insurance costs money. But not carrying life insurance can turn out to be more costly to you and your family. There are plenty of inexpensive policies available in today’s market. Term life insurance is especially affordable when compared to permanent policies. There are plenty of risks and benefits associated with each. Regardless of your budget, there is a life insurance policy that will provide the protection your family deserves.

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I’ll Get Around to it Eventually.

There’s no time like the present when it comes to life insurance coverage. Premiums only go up with age, so it is in your best interested to buy the coverage when you’re young and healthy. Your premium will remain at the same price until your term ends, years later. You should not wait any longer to get insurance because who knows what might happen between now and whenever you get to it. It is best to make sure your family is covered at all times, and why not start coverage when you can get a better deal?

I’m Covered Through my Employer.

Most companies provide a limited amount of life insurance coverage to their employees. Keep in mind that it can’t be taken with you if you change employers and, in many cases, it’s simply not enough coverage. If you aren’t familiar with the life insurance policy provided by your employer, please ask for details. You may discover that your family needs more coverage than your company offers.

I Don’t Want to Make the Wrong Choice.

Choosing a life insurance company can be stressful. We understand that. Our website makes it easy to compare several companies at once and decide which is best for you. We also have term life insurance agents who are ready and willing to answer any and all of your questions. Our agents are available via telephone, email or live chat to help you select a policy that meets your needs and budget. Visit our site to get a free quote and get started.

If you’re using any of the above excuses to avoid purchasing term life insurance coverage, we encourage you to get started today! Please take a proactive approach and protect your family’s financial future. Get the peace of mind you deserve.

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