2 Reasons Why People Don’t Have Life Insurance Coverage — And Why That Needs to Change

Financial Horizons: Insights for Building Wealth and Securing Your Legacy

By Dr. Jose G. Cardenas, Chief Tax Strategist at The C & R Group, LLCLet’s get real for a minute — life insurance isn’t always at the top of everyone’s financial to-do list. Between mortgage payments, groceries, gas prices, and everything else life throws at us, many families put off getting coverage, thinking they’ll “get around to it someday.”Unfortunately, someday isn’t a strategy. And in my experience as a financial strategist, the two main reasons people skip life insurance are simple: they don’t prioritize it, and they think they can’t afford it. But both are misconceptions that can cost families their financial stability when it matters most.

1. They Don’t Prioritize Life Insurance

It’s easy to view life insurance as optional — something you’ll think about “after you pay off the car” or “once the kids are older.” The truth? Life insurance is the foundation of every solid financial plan. It’s not about death — it’s about protecting life, income, and family stability.

Without it, years of hard work can unravel overnight. Your family could be left with mortgage payments, debts, or even final expenses they can’t manage. Prioritizing life insurance means protecting everything you’ve worked for — your home, your business, your legacy.

In short, it’s not an expense — it’s a lifeline.

2. They Think They Can’t Afford It

Many people assume life insurance is expensive, but that’s rarely true. In fact, the cost of not having life insurance is far greater. A well-designed plan can fit nearly any budget. Policies like Indexed Universal Life (IUL) offer flexibility, cash value growth, and even tax-free income potential later in life — all while protecting your loved ones.

At The C & R Group, LLC, we specialize in helping families and business owners find affordable coverage strategies that align with their goals. Whether it’s term life for protection or a permanent policy that doubles as a wealth-building tool, the key is starting now, not later.

Why You Can’t Afford to Wait

Here’s the truth: every day you delay, your cost of coverage increases. Age and health both impact your premiums, and waiting just a few years can mean paying significantly more for the same protection.

But here’s the good news — with expert guidance and proper tax planning, you can make life insurance part of a larger financial strategy that saves money, builds wealth, and secures your legacy all at once.

Take the Next Step

If you’re still on the fence, it’s time to move life insurance from the “someday” list to the “today” list.Let’s sit down, review your goals, and design a plan that fits your needs and your budget — so your family never has to face tomorrow unprotected.

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About the Author
Dr. Jose G. Cardenas is a retired U.S. Army Finance Officer and the Chief Tax Strategist at The C & R Group, LLC. With a Doctorate in Business Administration and over 20 years of experience in financial strategy, tax planning, and life insurance, Dr. Cardenas helps individuals and business owners protect their wealth and build a legacy. Learn more at www.thecrgroupllc.com.

📌 Disclosure
This article is for educational and informational purposes only and is not intended to serve as personalized legal or investment advice. Dr. Jose G. Cardenas, DBA, provides tax advisory services through The C & R Group, LLC. Insurance strategies, including Indexed Universal Life (IUL) and annuity products, may be offered through his role as a licensed financial professional affiliated with Experior Financial Group.

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