Life insurance myths – busted!

When it comes to life insurance, there’s no shortage of myths and misunderstandings. And unfortunately, those myths can lead to missed opportunities – and unnecessary risk.
Part of our job is making sure you’re working with facts, not fear or fiction. Let’s clear the air on a few of the most common life insurance myths we hear:

Myth #1: “I’m young and healthy – I don’t need life insurance yet.”

Reality: Life insurance is often cheapest and easiest to get when you’re young and healthy. Locking in a low rate early can save you a lot of money in the long run – and protects your loved ones if the unexpected happens. Think of it as future-proofing your financial plan.

Myth #2: “Life insurance is too expensive.”

Reality: Many people overestimate the cost of coverage. In reality, basic term insurance is quite affordable, especially when you consider what it protects. And with flexible options like term or permanent coverage, there’s usually a solution that fits your budget.

Myth #3: “I’m covered through work, so I don’t need more.”

Reality: Group benefits are a great start. But they often don’t go far enough. Most employer plans provide limited coverage (often just 1 to 2 times your salary), and they don’t follow you if you change jobs. A personal policy ensures you stay protected, no matter where your career takes you.

Myth #4: “Only parents need life insurance.”

Reality: Life insurance isn’t just for people with kids. It can be used to cover debts, protect a partner or co-signer, leave a legacy, or fund a business succession plan. If someone would face financial hardship in your absence, life insurance is worth considering.

Myth #5: “It’s too complicated to figure out.”

Reality: That’s what we’re here for. We believe risk management and insurance are critical components of any financial plan. We specialize in life, disability, critical illness and long-term care insurance. We’ll help you understand your options, walk you through the process, and recommend coverage that aligns with your life, your goals, and your budget.

Life insurance isn’t just a policy. It’s a plan.

Insurance is a critical component to any financial plan. It can help you take care of your final expenses and leave a legacy for the future, while protecting what matters most today.

Whether you’re buying your first policy or are wondering if your existing coverage is enough to help you reach your goals, reach out and let’s talk. We’ll make sure you’re covered.