Most Common life Insurance Myths
When it comes to financial planning and opting for
Life Insurance,
there are lots of myths out there
But it is very
hard
to figure out what’s
t
rue and what isn’t.
In your search for the right
policy
, it is important to understand the
truth
behind some common
misconceptions
on life insurance,” he added.
1.
Life Insurance is expensive
2
.
Not everyone needs a
life insurance
cover, especially young people
3.
The duty of the insured is completed once a
Life Insurance policy
has been purchased
4.
Life insurance is for paying
off debts
5.
Term life
insurance
coverage from the
employer is enough
6.
Life insurance policy only benefits in the
eventuality
of
death
or post the term ends
While some
myths
are benign and do us
no harm
, that is not necessarily true of those myths that relate to our
personal finances.
Life insurance
is a simple product and a comprehensive solution for
protection
once you overcome these
myths
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