This is a guest article from my good friend and fellow personal finance blogger, Joe Morgan. Joe is the owner of Simple Debt-Free Finance, where he writes about insurance, investing and avoiding debt (among other topics). He lives on a single income with his wife, 3 kids and a cat named Boo. He is also quite fond of Beethoven. Follow him on Twitter at https://twitter.com/@JMorgan_sdff and be sure to subscribe to his RSS blog feed at http://simpledebtfreefinance.com/feed/.
Most people know they need life insurance, but many still go without it. Some people have never even considered insurance basics and have no idea where to start. Others are avoiding life insurance because of a number of simple misconceptions.
According to a survey by the nonprofit LIFE Foundation, 30% of people surveyed believe they should have life insurance, and 20% of those already insured believe they need more life insurance.
So why do people who say they need life insurance not go out and get the coverage they need?
