Many of us believe common myths about insurance because we don’t have any truths to compare them to. But I’m passionate about helping you understand the difference between myth and fact when it comes to protecting your family and your most important assets.

Here are five life insurance and other insurance myths:

1. If you’re paying an insurance premium, it should cover the cost of all mishaps – If you believe this myth, expect to pay a higher insurance premium. Insurance only covers what you pay for it to cover. And, you shouldn’t pay for insurance that covers items you can afford to replace or fix.
2. Everybody needs life insurance – If you have dependents that rely on your salary for financial support, than yes – a term life insurance policy is one of the best ways to protect your family’s financial future. But if you don’t have any dependents, there may not be a need for it.
3. Only the breadwinner needs a life insurance policy – This is absolutely false. A term life policy would suffice as payment for childcare, laundry, transportation, etc., if you or your spouse were no longer around to manage these at-home chores.
4. Permanent life insurance is a great investment product – For financial reasons, term life insurance is the best choice for most families because it’s affordable life insurance coverage that offers just as much protection as permanent. Consider investing other ways if your primary concern is building cash value.
5. I’m not vulnerable to sicknesses, so why pay for health insurance? – If you don’t have health insurance, you’re not only putting yourself at risk but others too. The fewer people who have health insurance, the more money other taxpayers have to give for health care coverage. And if you do end up developing a severe illness, you may not be able to afford treatment.

Be sure to protect yourself and your family by purchasing adequate and necessary insurance. For term life insurance quotes, contact a non-biased life insurance agent at AccuQuote.com who can help you quickly and easily get the term life insurance application started.