Life Insurance Benefit #3: Life Insurance Is Not as Expensive as You Think

Financial Horizons: Insights for Building Wealth and Securing Your Legacy

By Dr. Jose G. Cardenas, Chief Tax Strategist at The C & R Group, LLC

When it comes to life insurance, one of the most common myths I hear is:

“I can’t afford it.”

But here’s the truth — life insurance is often far more affordable than people realize. In fact, for many families and business owners, it’s one of the smartest financial decisions you can make to protect your future without breaking your budget.

The Misconception About Cost

Most people overestimate the cost of life insurance by nearly three times the actual price, according to LIMRA’s Insurance Barometer Study. That means the hesitation to get covered usually isn’t based on reality — it’s based on misinformation.

A healthy 35-year-old can often get hundreds of thousands in coverage for less than the cost of a daily cup of coffee. It’s not about having deep pockets — it’s about prioritizing protection.

Affordability Through Strategy

At The C & R Group, LLC, we help clients find the right policy type for their goals and budget. Whether it’s term life insurance for short-term protection or Indexed Universal Life (IUL) for lifelong coverage with tax-advantaged growth, there are affordable solutions for every stage of life.The key is structuring your plan strategically — not buying blindly. That’s where financial expertise makes the difference.

The Real Cost of Waiting

Delaying life insurance is like waiting to fix a leaky roof until it rains — by then, it’s too late. The longer you wait, the higher the premiums become, especially as age and health conditions change.Getting insured now locks in a lower rate and ensures your loved ones are protected — even if life throws a curveball.

A Practical Perspective

Let’s flip the script for a moment. If you knew that for less than $50 a month, your family could remain financially secure after your passing — your debts paid, your mortgage covered, and your children’s education safeguarded — would you still call that expensive?The truth is, the cost of doing nothing is far greater than the cost of being prepared.

The Bottom Line

Life insurance isn’t a luxury; it’s a necessity — and one that’s within your reach. Protecting your income, your assets, and your legacy doesn’t require a massive budget, just a proactive plan.If you’re ready to find an affordable way to safeguard your family’s future, it starts with a conversation.

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📅 Book your consultation: Book a consultation with Dr. CardenasAbout 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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