Life Insurance Is Like Divorce: The Longer You Wait, The More It Costs
Money.
There never seems to be enough of it, am I right?
If you're like most people, you probably wish you had a little more dinero lying around.
Well, if you have some funds (even a little bit) and you want to hang on to what you have…
…there are two things you NEVER want to wait to do.
The first is divorce.
When your relationship has reached the expiry date, it’s probably time to move on.
The second decision you’ll never want to waffle over is buying life insurance.
Be prepared, because I’m about to show you the parallels between divorce and life insurance when it comes to saving you money (as well as valuable time).
You never know, you may save a bundle, and make some stark realizations about your life along the way.
Save money (and valuable time) by reading how divorce and life insurance are more alike than you expect. Get a quote for life insurance today. We take your privacy seriously.
Why Waiting is So Darned Expensive
Waiting to divorce your spouse makes sense.
No matter how long you’ve been married, this is a serious decision.
For the first time in a while, you’ll be forced to live on your own.
You’ll have to navigate life as a divorcee, which is never easy, at least initially.
That is, until you’re ready to move on.
Delaying life insurance might also feel logical. After all, it’s a big financial commitment meant to protect your family.
Besides, you need to do your homework to ensure you get the perfect policy for your family’s needs, and your budget.
But be careful.
Delaying major decisions can come back to bite you later.
Wait Too Long and the Risk Goes Up
Divorcing your spouse may weigh heavily on your mind, but beware the sunken cost fallacy.
The longer you go, the more likely you are to lose half the house, your retirement, and assets you spent years accumulating.
The lesson? Pull the trigger.
Take the first step by visiting a divorce attorney.
It is better to cut and run, if that’s the decision you feel you should make. You’ll save years of heartache and oodles of money.
Life insurance, believe it or not, is no different.
Waiting only boosts the bill.
See, the older you get, the more expensive life insurance premiums become.
It’s rather easy to see why.
Life insurance carriers view older folks as risky.
The more birthdays you have, the more likely you are to have health issues as well.
When it comes to offering you life insurance, life carriers like Aetna and Mutual of Omaha expect to even-out the risk.
They do this by charging your family a little more.
So, do the smart thing.
Get the divorce and buy life insurance ASAP if you want to save some cash for the future.
Reasons to Wait Debunked
I get it. You’re not convinced.
You’re still with the wrong person. Or you haven’t put a life policy in place…yet.
If either are the case, it’s likely you’ve considered the following excuses.
I don’t want to divorce or get life insurance because:
“What if I make the wrong decision?”
Work on your relationship.
If nothing works, pull the plug, especially if there are children involved.
Living in hell is no good for anyone.
Besides, you may change your mind down the line.
Plenty of people get remarried later in life after living as divorced for years, or even decades.
Life insurance is no different.
Buy now and if down the line there’s a better fit, we can always review your life policy and put something else in place.
Buying life insurance now will protect your family starting from day one (in most cases).
Only in cases of severe illness is the death benefit usually delayed.
It is far better to protect your family immediately, because you never know what tomorrow will bring.
The wise move is to conduct a yearly policy review.
That way, you always know your family is protected by the best life policy currently available.
“What if I can’t afford it?”
When it comes to expenses, there’s another common experience that can quickly drain a bank account:
Death.
Just like divorce is costly with all the lawyers and splitting of assets, death is a phase of life that comes with plenty of expenses of its own.
When burial is your final wish, your family must cover the cost of a casket, burial plot, headstone, funeral and viewing.
Even cremation is not always the inexpensive choice it portends to be.
Your family may rent a temporary coffin for the viewing, and buy an urn to preserve your ashes.
Those costs to preserve your legacy can quickly add up.
While you never want life insurance to stretch you thin, anyone should be able to come up with $50, $80 or $100 per month.
When even that amount seems insurmountable, ask yourself:
How will your family pay the bill for your final expenses after you pass?
Just like divorce, when it comes to dying, someone always pays in the end.
How much depends on you and the fast-acting decisions you make.
Act Now to Save Money & Heartache
At Little Family Security, we love to use tongue-in-cheek topics to make a good point.
While death is nothing to laugh at, when you sell life insurance, you must maintain a sense of humor.
And while divorce sucks for everyone except the attorney, if your relationship is tumultuous, perhaps this is a sign.
Who knows? Maybe after you two split, you’ll manage to rekindle your love later on.
And if you haven’t bought life insurance, and you’ve considered it, please don’t wait.
Just like divorce, you stand to lose more money, time, and benefits by stalling.
Because no one can predict the future.
On that note, I leave you with this Japanese proverb:
“If you get on the wrong train, get off at the nearest station; the longer it takes you to get off, the more expensive the return trip will be.”
Protect your family. Save money. Make sure your policy fits. Visit LittleFamilySecurity.com for a free quote today.
