September Is Life Insurance Awareness Month

Myth 1: It’s expensive.
The biggest misconception about life insurance is its cost. There are many affordable plans available. Plans range in price based on a few factors but many are surprised how reasonably priced plans currently are right now.

Myth 2: If you are young and healthy, you don’t need it.
Your life insurance needs depend on many factors, but if possible, it’s better to buy a policy when you’re young and healthy and it costs the least. As you get older you are more likely to develop health problems and the price goes up.

Myth 3: If you have health issues, you can’t get it.
Unless you have severe health conditions, you generally can buy term life insurance. Conditions such as diabetes, high cholesterol and arthritis will mean higher life insurance quotes, but insurance could still be within reach.

Myth 4: If you are a stay-at-home parent you don’t need it.
If you die, who’s going to take care of your children, elderly parents and even your pets? Your surviving spouse may need to hire help, and insurance benefits could help pay for these costs. Stay-at-home parents provide a tremendous benefit to the family, and that void is expensive to fill.

Myth 5: Life insurance through your employer is sufficient.
Group life insurance is a great employer benefit, but typically the payout is fairly low, perhaps twice your base salary. That may not be enough to provide for a young family. Plus, what if you lose or leave your job? A workplace policy doesn’t travel with you, so a personal policy is the safest way to ensure your family is taken care of.

If life insurance is something you are interested in please give me a call. I can give you a quote in a matter of minutes.