These common misconceptions about life insurance are utilized too often.
Thinking about your death is hardly the most enjoyable way for people to pass the time. Thinking about how your family will cope after you’ve passed is an essential part of being part of a family. However, that’s not the only reason that people avoid shopping for life insurance.
With many Americans still underinsured – or worse, not insured at all – it’s time to bust some common misconceptions about life insurance!
Reason #1: It’s costly.
The first reason why people don’t buy life insurance is that they think that it’s expensive. Around eighty percent of the nation overestimates the price of any given policy. People believe that it’s more expensive than it is for protection that they truly need. When asked, most people guessed that a plan is more expensive than it is.
Reason #2: I’m young and healthy. I 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, as it will cost significantly less than when you’re older. The theory is that you’re more likely to develop health problems as you age, and therefore, the price goes up.
Reason #3: You can’t get coverage if you have health issues.
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, however, insurance could still be within reach!
Reason #4: Single people don’t need it.
Many single individuals still need life insurance. For example, you may have children, be planning to marry, or have aging parents who are financially dependent on you. Also, life insurance would also help if you’re single and own a business or a have co-signed debt.
Now that you’re ready to purchase the life insurance that you need and deserve, contact the professionals! Visit Lofgren Agency for the policy that suits your needs in Hudson, New York.