I have this more than a few times, “why should I buy life insurance or why not just save my money?” Objections to buying life insurance are all to familiar to me. I plan on tackling each objection with my life insurance blog. Life insurance is the only product that you can pay a one hundred dollar premium and if you died that day your family would receive upwards of three hundred thousand dollars.
This is why just saving the money is not enough even if you saved that hundred dollars a month for twenty years you would only have twenty four thousand dollars. Roughly twenty seven thousand dollars if you were putting it into a savings account. You can clearly see that the value of life insurance. Not only is it extremely diffcult, if not impossible on most families incomes, to save three hundred thousand dollars.
I think we can all see the value in a one hundred dollar premium a month for a three hundred thousand dollar policy that would provide for your family way beyond your savings account.