Life insurance myths could rob you of valuable protection for you and your family. At Runnels Insurance in Brandon, FL, we can help you distinguish life insurance facts from the fiction so you can make smart life insurance choices. Here are some common myths about life insurance coverage.
Myth: Life insurance is too costly.
Life insurance isn’t “one size fits all.” Prices vary depending on the policy you choose. By discussing options with your Runnels Insurance agent, you’re sure to find a policy that gives you the protection you need at a cost you can afford.
Myth: Young, healthy adults don’t need life coverage.
Life insurance is cheaper to buy when you’re young and healthy. You never know when serious health problems will develop and lead to your early demise. If you have a family, life benefits can provide financial security for your spouse and children in the event of your untimely demise.
Myth: You can’t get life insurance if you have health issues.
You can still get life insurance with medical issues like high blood pressure, diabetes and arthritis if you are managing your symptoms. However, you’ll probably pay more for your policy that if you were in good health.
Myth: Singles don’t need life insurance.
You may be single now, but what about the future? Buying a life insurance policy now can provide valuable protection for when you do get married and start a family. It can also provide financial support for aging parents or young siblings if you were to suddenly pass on.
Myth: Stay-at-home parents don’t need life insurance.
Who would care for your children in the event of your untimely demise? Life insurance benefits can help pay for childcare to make it easier for your spouse to support the family after you’re gone.
To learn more about life insurance options and costs, contact Runnels Insurance in Brandon, FL today.