Clearing up misconceptions about life insurance.
While life insurance is a common type of coverage, there are many misunderstandings about this insurance that cause people to make uninformed coverage decisions. To ensure that you aren't making an unfair or unwise decision, here is the truth behind some of the most common life insurance misconceptions.
- Life Insurance is Not Just for Funeral Expenses
Many people have the misconception that life insurance is designed to pay for funeral and burial expenses. While it's true that your life insurance benefit can be used to cover these costs, this is not the only thing your coverage can do. Your life insurance can also be used to pay off your debts, replace your income, keep up with recurring financial responsibilities, and take care of routine costs. Additionally, you can use your life insurance to fund your children's future education, give back to charity, protect your business, and so much more.
- Life Insurance is Not Just for Healthy People
There is a common misconception that only the young and healthy can qualify for life insurance coverage. While it's true that healthy people have an easier time securing affordable life insurance coverage, this does not mean that you can't get coverage if you have preexisting conditions. If you have certain health conditions, such as diabetes or high blood pressure, then you can still get affordable coverage if you are managing your condition as per your doctor's orders. While having health issues does make it a bit harder to secure coverage at a price that fits your budget, it isn't impossible. By working with an experienced agent who knows about all your life insurance options, you can secure the right policy for your needs.
These are some of the things that life insurance is not. Do you have other questions about this essential coverage? If so, then
contact the experts at
Club Agency Insurance Brokerage in Garden City, New York. We are ready to assist you with all your coverage needs today.
