5 Common Myths About Life Insurance That Could Cost You

Life insurance is one of those things you don't want to think about and surely don't hope will need to be used. However, it is one of the best investments you can make for your family. It can provide you with peace of mind and your family with the financial stability they need should something happen to you. Still, if you are like many people, you don't know all there is to know about this type of insurance, what it means to you and why you should get it soon. Consider these myths and the truths that follow.

Myth 1: I'm Healthy and Don't Need It

Even if you’re a healthy adult, that doesn’t mean that you shouldn’t get life insurance. First, realize that anything can happen to anyone at any time. If you were in an accident, your family could suffer in your absence. If you were diagnosed with a condition today, getting life insurance tomorrow could be either impossible or very expensive. Get life insurance now while you are healthy and younger before anything occurs to jeopardize your health.

Myth 2: Life Insurance Doesn't Help Me

If you don't have a family or your loved ones don't need financial support, you may not realize the value that these policies can offer. However, some options, such as universal life insurance, can still be beneficial.

Myth 3: Medical Screenings Are Easy

Some life insurance policies promise a simple medical exam or no exam at all. However, life insurance carriers take your assessment seriously. For that reason, be upfront and honest about your overall health. Be sure you are providing your agent with everything you know, since most policies may require an exam.

Myth 4: All Policies Are The Same

When comparing the various policy types and plan options you have, take the time to consider the details. Exclusions, limitations and gaps in coverage may apply. Pay close attention to the details of your policy.

Myth 5: You Can’t Save Money With Life Insurance

Did you know you can bundle your life insurance plan alongside your other health insurance, and maybe even your home and auto insurance as well? This can help to reduce your costs. Purchase all plans from the same agent to get these savings.

Ultimately, most people who work and have people relying on them for income need life insurance. Don't put it off. It could cost more, be more difficult to get and even be limited in availability in some cases if you do put it off.

Do you know myth from the truth? Call McKee Insurance Agency at 850-224-6055 for more information on Florida life insurance.