Best Life Insurance Excuses with Anthony Anderson



You are getting older . . . it’s time to start thinking of that dreaded question, what’s the best life insurance? How do I get life insurance? Do I need life insurance? When is the best time to get life insurance?

According to LIMRA’s Trends in Life Insurance Ownership study, 44% of U.S. households had life insurance as of 2010, a 50-year low. Here are some interesting statistics we pulled from this study:

  • 70% of Americans failed a 10 questions basic life insurance IQ test
  • $15.3 trillion estimated unmet life insurance need in the U.S.
  • 85% of consumers agree that most people need life insurance, but just 62% have it connected with funny man, Anthony Anderson who has been spreading awareness about the importance of life insurance. As you may know, if you are spreading awareness, you are going to receive pushback.


So here we have it, Anthony Anderson’s 5 best life insurance excuses given by people. 

1) I’ll Wait

We love to live as if tomorrow is promised. One of the primary purposes of life insurance is to provide coverage for life expenses at the time when we DO NOT expect to die. Fortunately, for successful individuals like Anthony Anderson, the cash from a life insurance policy is not critical to ensure that his loved ones will be taken care of. However, 70% of U.S. households with children under 18 would have trouble meeting everyday life expenses within a few months if a primary wage earner were to die and 40% would have trouble immediately.

2) I’ve got to die to get something out of this

“Wow, I can get $25,000 for $12 a month. Sign me up!” Anderson recalls. Like most people don’t who don’t understand how life insurance works, Anderson thought that he could pay $12 a month and have access to $25,000 whenever the need arises. What needs to be understood clearly, is that the best life insurance policy provides a resource for their loved ones after they are gone.

 3) I can’t afford it

The “I can’t afford it” spiel is always the best life insurance excuse out there! Yes, life insurance can be expensive. However, a little goes a long way. For example, a healthy 30-year old woman could get a million-dollar policy for about $30 per month. The best way to avoid high premiums, is to get life insurance at an earlier age and to maintain a healthy lifestyle. Life insurance is one of those items that you have to create room for in your budget.

4) I don’t want to deal with life insurance salespeople

Unfortunately, this is not a viable excuse in the digital age. You can go online right now and purchase life insurance without talking to a soul. Before you can finalize most life insurance plans, you have to get a medical exam, but that still does not include a conversation with a salesperson.

Anthony Anderson recalls his days as a kid growing up in Compton where he witnessed the loss of many lives. What has been common over the past few years for these kids growing up in lower income areas is the need for a GoFundMe fundraising for final expenses. I don’t know about you but I am tired of seeing GoFundMe requests coming down my Facebook timeline. They are several alternatives to avoid the pushy old salesman.

5) I’ve got more important things to insure

If you DO NOT view yourself as important, then you have bigger issues to deal with than life insurance! Anderson says it best,

People insure their cars, they insure their jewelry, but they don’t insure themselves.

Anthony Anderson comes to the same conclusion:


“The only thing that is different in that is we cannot replace the person who has passed on, but because you’ve got the ‘extended warranty’ in life insurance, life still goes on the way that you’ve accustomed to it going on, and you don’t have a worry [about the money].”

I couldn’t have said it better myself!

Let’s hear from you, MissCFO community, what are your thoughts on life insurance? Do you or anyone in your family have life insurance?

MissCFO Actionable Task: If you do not have life insurance, research 3 companies & get quotes from each of them.

We will be happy to hear your thoughts

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