Jun
17
2009
Common Myths about Life Insurance
Author: Byron UdellIn order to clear up any concerns you may have about life insurance, here are a few common myths that we can prove are just that – myths!
People in less than adequate health can’t get life insurance – FALSE! Many life insurance companies are willing to go the extra distance to ensure that your loved ones are taken care after you are no longer around. Although, you may not receive a cheap life insurance rate that someone who is in satisfactory health might get, there are many companies that will work with you in order to accommodate your needs.
All life insurance policies are the same – FALSE! There are many differences between your neighbor’s life insurance policy and your own. Don’t assume that because his/her life insurance offers coverage in certain situations that your policy does the same. Be sure to read the contract your life insurance company has issued you in order to grasp the meaning of your coverage. Life insurance companies are not trying to trick you – they want you to understand!
Only the family money-maker needs life insurance – FALSE! Unfortunately, the cost of living is on the rise, which means that most homes require two incomes in order to live comfortably. Don’t assume that your life insurance will be enough to cover your beneficiary’s living expenses after you are gone. Everything from housekeeping to extra-curricular activities would cost your family extra money if you were no longer around to contribute. With more than one life insurance policy in place, your family would be protected if something devastating were to happen.
Obtaining life insurance is a difficult process – FALSE! Actually, obtaining life insurance has never been easier! With the internet, it is easy to compare life insurance rates in a matter of minutes. Sites, like AccuQuote can provide you with instant online quotes, from top-rated life insurance companies – leaving you with a hassle-free experience!
June 26th, 2009 at 7:26 am
That first insurance myth is one that is pervasive. People in poorer health still need coverage, and finding a company that will work with them and their specific needs can lead to a huge difference for them and their families. Thanks for pointing that out!
Jerry
November 6th, 2009 at 5:44 am
Many people lie on their insurance applications thinking that they will be denied life insurance. Doing that does not protect you at all, you will end up leaving your family with no benefits at all if you do so. Therefore, it is important to understand that even if you have health complications, you can still get life insurance. It may be a bit more expensive but at least your investment will be secure.
January 23rd, 2010 at 7:27 pm
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January 25th, 2010 at 8:43 am
Thanks for reading our blog! We hope you’ll find it informative and entertaining!
January 31st, 2010 at 5:04 am
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