It’s easy to confuse having a positive attitude with having an “Invincibility Complex”.
Is this you? Do you think that no matter what happens everything will turn out in end? You look after your body, you look after your mind, so the chances of something bad happening are low – right?
Living at the opposite end of the spectrum from anxiety sufferers are those who have supreme confidence that no harm will come their way – they believe they are “invincible”.
And why, you may ask, is this bad thing? Doris Day famously sang “kay sera sera, whatever will be, will be” – isn’t that good advice?
Not when it has the potential to leave your family without support and financially vulnerable.
A little bit of worry and concern for the future is normal. Running through some scenarios in your head of what potentially could go wrong is actually a healthy thing to do.
Trust me on this. I work in the insurance industry and have seen the consequences of having an “Invincibility Complex”.
One of our clients, after having life insurance for 12 years, thought he would cut some expenses and cancel his policy without consulting with his wife. After all it was wasted money, nothing was going to happen to him as he was just 40 years old. A couple of months later he died in an accident while pruning a tree at home. He had 5 young children from two marriages who were dependent on him and they are now suffering as a result.
You may think some families have everything under control. For example, take a family living in an inner-city suburb, one partner earning a management income above $200,000 p.a. with a fancy company car, the other looking after two children attending a nearby private school. A rosy picture.
But the couple’s Invincibility Complex has convinced them that this comfortable picture will continue ad infinitum. They are in their late 30s, work out at gyms, eat healthy – nothing bad will touch them, right? No need to take out insurance above the $150,000 default amount through their super.
But then, without warning, the main income earner dies from an unexplained heart attack. The remaining partner cannot afford their $1 million mortgage, even if they return to work. The family must sell their home, move to the outer suburbs and change to a public school. At a time when they are grief stricken and need their friends and support networks the most, their lives suffer upheaval and they experience a dramatic drop in their standard of living.
This pain could have been avoided by considering the unsavoury topic of life insurance.
A survey by BT in 2017 found that many women felt they didn’t know enough about life insurance and were more likely to be underinsured than men. In reality it is one of the simplest forms of insurance and relatively inexpensive.
The facts are brutal and clear. One in four of us will die before the age of 70 and we need to protect our loved ones from this potential reality.
Don’t let a feeling of invincibility fool you into thinking that you can control this outcome… because you can’t.