Why the mind struggles with life insurance

Dependent families of the uninsured can be left in a terrible position. So, what is it that holds us back from taking out life insurance? It’s not easy to say, but behavioural biases may have something to do with it. Here are some examples: An intangible alternative It’s hard to imagine the effect of a death on dependents unless you’ve seen it for yourself. The grinding reality for families affected this way is kept behind closed doors. It’s unlikely they’ll feel inclined to make a show of it. This lack of evidence of a negative outcome makes it hard...

Dependent families of the uninsured can be left in a terrible position.

So, what is it that holds us back from taking out life insurance? It’s not easy to say, but behavioural biases may have something to do with it.

Here are some examples:

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