Just like every decision of life, buying life insurance insurance policy is usually faced with many setbacks, hesistation and confusion, that at some points many persons will decide not to buy the policy again, after all, they don’t know much after their death. 4 Life Insurance Myths Debunked.
but the importance of buying life insurance policy for your family cannot be overemphasized as your family shall always live to thank you even when you have passed away. this post shall outline some of the life insurance myths we have carefully debunked.
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Just read this post carefully and remember to visit and subscribe to our site for your latest updates on insurance policy and also visit your insurance policy agent for further discussion on Life Insurance Policy
MYTH 1: I’M SINGLE, OR MARRIED WITH NO CHILDREN, SO I DON’T NEED LIFE INSURANCE.
First, most persons will decline taking life insurance policy only on the ground that they are still single or they don’t have dependent, but that is a bad delusion as the benefits of your life insurance policy can also be use to take care of your burial or to pay for your debts or loan and even at some point aside your health insurance policy it can also be used to pay for your medical treatment. so, this can not be used as an excuse of not taking life insurance policy.
MYTH 2: I CAN’T AFFORD LIFE INSURANCE.
Many persons usually overestimate life insurance policy and so they will think that their budget can not carry it. but life insurance is of different policies and premium and depending on the type you want, we would encourage you to go for the one that your budget can afford and if later in the future your income increases you can buy additional policies. But this can not be a rational reason why you should not buy a life insurance policy.
MYTH 3: I’M A STAY-AT-HOME PARENT. I DRAW NO INCOME. I DON’T NEED LIFE INSURANCE.
Even when you are stay at home parent, it will still not be bad if you take life insurance policy, as everyone in the family not matter how small it may be still have the things that they contribute in the life of the children and at your absent that is when you must died,life insurance policy can help to assist them on those things.These may include child care, daily transportation, home maintenance and cooking, to name a few. If you were to pass away, life insurance benefits may help cover some of these costs.
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MYTH 4: I HAVE A LIFE INSURANCE POLICY THROUGH MY JOB. IF I TAKE ANOTHER JOB OR GET LAID OFF, I CAN TAKE THE POLICY WITH ME.
The last but not the least is that most employers will usually provide life insurance policies for their workers amd as a results most persons will find it irrelevant taking a personal insurance policy, they will always say that when they are sacked of the work that they shall take their personal insurance policy. we shall encourage you now to take your personal insurance policy not minding the one that is being provided by your employers as that one may not be permanent in your life but your personal life insurance policy shall always be there and you will be the one to determine the coverage.
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