Think Life Insurance Is a Waste of Money? These 10 Realities Might Change Your Mind
Many people brush off life insurance as something people buy out of fear or obligation; an unnecessary monthly expense for a future that feels much too far away to worry about. Some assume a life insurance policy is only relevant for older adults, families with large incomes, or anxious people planning for worst-case scenarios. Life insurance can easily feel abstract, optional, and easy to delay. This post was updated on January 19, 2026 to provide a broader overview of life insurance and its potential benefits. Marta Design / Shutterstock.com One of my biggest concerns with life insurance was the potential for premiums to go up annually, but this has not been the case. Of course, this peace of mind with life insurance comes with a caveat: You cannot miss a payment, ever. Life insurance companies take missed payments very seriously, and the penalties for one or two missed payments can…
