purchasing life insurance

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Why Do I Need Life Insurance If I’m Perfectly Healthy?

keep fitMany people do not think that they need to get life insurance if they are young and healthy. “I’m in my mid-twenties, have no health conditions, and do not have any dependents so what’s the point of life insurance? I’ll just wait until I get married.” Many of you can probably relate to this mindset, and SelectQuote agents speak with many callers who ask the very same questions.

The truth is that everyone needs life insurance and it isn’t a secret. In fact, according to a study conducted by LIRMA (2010), 93% of Americans think life insurance is necessary; however, only 44% of US households actually have individual life insurance. Can you guess what the number one reason people don’t have life insurance is?