Reason #6 To Buy Life Insurance Now
Hey, you’re not a kid anymore!
Nobody likes to think about aging and mortality, but as we advance into adulthood it’s time to face reality, says Joel Steele, co-owner of Steele Financial Solutions in Cherry Hill, New Jersey.
“Sometimes, getting someone in their 20s or 30s to talk about life insurance is like trying to hold onto a fish — they squirm the whole time,” he says. “No one wants to talk about life insurance or dying.”
Younger clients tend to put off purchasing life insurance because they see it as optional — something they might not need just yet, or something that might not be worth the cost. Steele has a word for that logic: immature.
“Life insurance isn’t supposed to be about you,” he says. “It’s about taking care of your responsibilities and your loved ones. You’re not a kid anymore. Your parents aren’t going to take care of this for you. You need to accept the responsibility as an adult and take care of your loved ones because no one else in the world will.”