Quora Answer: Why Do Many People Not Consider Life Insurance Important?

The following is my answer to a Quora question: “Why do many people not consider life insurance to be important?”

I believe that there are very few people who consider life insurance unimportant.  In most cases, it is an issue of at the cost benefit analysis, priorities, or simply, procrastination.  Life insurance is a very dry subject, and it is not often the easiest to understand.  In some places, and the US comes to mind, the claim process may be more convoluted, or the insurer has a credibility deficit.  These are perfectly understandable concerns.  Essentially, people must be made to understand that the more we have, the more we have to lose.  In that sense, it makes it a logical decision to consider some manner of liability protection, and loss mitigation.  That depends on the financial consultant or insurance agent having the ability to bring that across.