5 Reasons to Have Life Insurance (and Why It Can Cost More Not to Have It)

top 5 reasons for having life insuranceAccording to the 2015 Insurance Barometer Study by Life Happens and the life insurance association LIMRA, more than 40 percent of Americans don’t have life insurance. That equates to more than 128 million people without coverage.

Reasons that people give for not having life insurance vary, from “life insurance is too expensive” to “I still have time, I don’t need life insurance yet” to “I don’t know how to get coverage.” However, its purpose remains the same: Life insurance can provide loved ones with financial protection when they need it most, just like automobile insurance, health insurance and home insurance.

If you don’t have life insurance, here are five reasons for life insurance that you may have not yet fully considered:
Reasons to have life insurance infographic

Protect Your Child

Protect Your Children while Providing for their Future

With the Gerber Life Grow-Up® Plan, you can provide whole life insurance coverage for your children for just pennies a day.

learn more

Please note: Articles and other information included on this website are intended for the general interest of our readers, and are not intended to express the positions or views of Gerber Life or to provide or constitute, legal, financial, health or other advice. Gerber Life makes no claims, representations, or warranties as to the accuracy, completeness, or appropriateness of this general interest information for your particular circumstances. If you need legal, financial, health or other services, you should contact a duly licensed professional.

WB-TPT-P (1015)