 When you’re just starting out, it often seems that a dollar never stretches far enough. And with new commitments, such as buying your first home or having children, comes the responsibility to make sure your loved ones will be provided for financially, no matter what life may bring.
Video “When my mom passed away we only had $300 in our bank account,” said Brittney LaCombe, who was then faced with raising her two teenage sisters. “We didn’t have money to bury her, so the state had to pay for cremation.”  Many people in their 40s are facing an uncomfortable fact: They simply aren’t where they’d hoped to be financially. Fortunately, all their life experience can help correct for past mistakes.
“There’s a different trigger moment for everybody,” says Jay Howard, financial advisor and partner at MHD Financial in San Antonio, Texas. “But regardless of when it comes, people find themselves looking down the barrel of a gun as they consider retirement.” One challenge is that it’s impossible to advise 40-somethings based on tidy “life stage” demographics. Some are just starting families, while others are sending offspring to college. They’re married, single, divorced, and just about everything in between.  From getting married to having a baby to starting a business, there are lots of reasons why you’d want to consider buying life insurance. But maybe something is holding you back from getting the coverage you know (or suspect) you need.
Here are nine of the biggest reasons you’ll hear for not buying life insurance—and why you shouldn’t let them keep you from considering coverage.
Preston Newby, 24, was a youth pastor who “lived to serve other people,” says his wife, Tara. So it was no surprise when he pulled off the Interstate late one night to help passengers in a car that had just collided with an elk. After discovering they were hurt, Preston returned to his car, told Tara what had happened, and ran back to the scene. While calling for help, Preston was struck from behind by a driver who swerved to avoid the accident scene. He died moments later in Tara’s arms.
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