Health insurance & costs

6 problems with the life insurance you already own

Having a policy is a good thing—but it might be time to reexamine yours.

Jan, 2026
LearnHealth insurance6 problems with the life insurance you already own
Slide 1
Your coverage has been eroded by inflation
You have too much insurance
You have the wrong kind of coverage
You’re paying too much for the coverage you do have
Your policy’s assumptions are invalid
You have too many policies

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Slide 1

If you have an insurance policy, smart move. You’ve thought ahead to provide for your loved ones. But if it’s been awhile since you bought your life insurance policy, it’s time to dust it off and consider possible ways in which it may be falling short of meeting your family’s needs.

Written byRic Edelman.
Sources: Ric Edelman. The Truth About Money (Fourth Edition). Copyright ©1996
  1. Ric Edelman. The Truth About Money (Fourth Edition). Copyright ©1996, 1998, 2000, 2004, 2010 by Ric Edelman, Edelman Financial Services LLC Reprinted by permission of Harper Business, an imprint of HarperCollins Publishers.

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