3 Things Life Insurance is Not
Misconceptions about life insurance coverage.
When people considering life insurance coverage, they are often put off at the thought of imaging what would happen to their family if they passed away unexpectedly. Although it is not a pleasant topic to consider, it is important to understand how life insurance can help you if you have a family and loved ones that rely on you. As with anything in life, there are certain misconceptions that surround life insurance. To help you better understand what life insurance is, take a look at what it is not.
Life insurance is not just for the wealthy.
Life coverage can be as affordable as you want it to be. Working with a professional life insurance agent is key to secure the right coverage at the right price for you. Most people tend to overestimate the price of life insurance by a factor of five – meaning that it is much more affordable than you think.
Life insurance through work is not enough.
Although having life insurance through your employer is a great benefit, it is often not enough for most families. They tend to offer one to two times your salary, which could leave your family struggling when you are gone. It is best to take out your own personal insurance coverage.
Life insurance is not just for healthy people.
It is true that you can lock in low rates when you apply for life insurance when you are young and healthy. However, that does not mean it is just for young and healthy people. If you have a health condition, such as diabetes, heart disease or another chronic condition, you can still benefit from life insurance coverage.
Skip the search of finding the right life insurance provider for your needs. Visit Mayer Insurance in Apple Valley, Minnesota to secure your coverage today. We take the time to help you review your options, needs, and ensure you understand the contents of your coverage.