Common Misconceptions about Life Insurance
Posted on: July 12, 2016 by iSure
Life insurance is a way to guarantee that life will go on in your absence. Whether it’s for child braces, mortgage payments, or sporting lessons, Miami Life Insurance is a solution that agents can give to their clients to be sure their families are taken care of, providing peace of mind for everyone. In view of this, let us dispel some common misconceptions about life insurance.
Misconception #1: I don’t need to revisit my life insurance policy.
As life evolves, so should your life insurance policy. According to Life Health Pro, clients should periodically assess their life insurance policies to ensure that new needs are met. For instance, a term life policy purchased by a 25-year-old single man might not be the best option seven years down the road when he’s married with two kids. Remember, policies expire and relative beneficiaries may change – make sure to revisit your policy annually.
Misconception #2: Only those who are married with children need life insurance.
Purchasing a life insurance policy when you’re young and healthy can help you lock in a great rate. Also, whole life insurance policies appreciate over time, so it will pay off in the long run. Bear in mind that because you’re single that it doesn’t mean you won’t have expenses that will be passed off to your kin or parents.
Misconception #3: My employer will take care of it.
It’s a fact that employers’ group life insurance policies often provide the least amount of coverage. Especially with the healthcare reform and during economic hardship, these policies are likely to change or be eliminated altogether.
At iSure Brokers, we strive to provide the coverage that protects you and your loved ones. We provide your own personal iSure adviser that will work carefully to evaluate risks and refer you to a program that best fits your life insurance needs. For more information, call us today at 855.381.6123.