There are various life insurance myths that need to be busted. Life insurance can be a very useful resource, particularly in the event that you pass before you are financially prepared. It gives your family a chance to regain momentum and have the money that is needed to do so.
One of the top myths is that you may be too young for life insurance. There is no perfect age to purchase life insurance. The reality is that life insurance may be more affordable for you when you are in your 30s or 40s. This is because you are generally in better health when you are younger.
Another myth is that term life insurance is the best option. While term is good in some instances, it is not always the best. You will want to compare it to universal and whole life insurance and see if one of the other options is better, particularly because of the associated cash value.
Another myth is that it is always cheapest to purchase life insurance online. While there many resources available online, it can be effective to work with an independent insurance agent in order to learn about all of the different options and receive quotes for comparison purposes.
You can also be in poor health and still get a policy. You don’t have to rely solely on an employer-provided policy. It’s possible to have more than one policy for yourself in order to provide protection.
At Paragon Independent Insurance Agency, we look forward to helping you find insurance you can count on. Call and speak to an agent today to discuss life insurance possibilities in Plano, Texas. This will allow us to work with you on an individual level to break through the myths and determine what coverage is best for you.