Most people in Cumberland, MD understand the concept and need for life insurance, but the details are not always so clear. There are several misconceptions that a knowledgeable agent at Knippenberg Insurance Inc. would like to clear up.
Here are 6 life insurance myths you need to know.
- “Life insurance costs too much!” This is a major misconception. Depending on many factors, whether you obtain term or whole policies, your age, etc. there are many affordable options for life insurance.
- I’m Not Old Enough To Need Life Insurance – The truth is that nobody really knows when they will die. But, morbid thoughts aside, the younger you secure your policy, the cheaper the rates.
- I have life insurance through my work, I don’t need more. A policy through your place of employment is only good so long as you keep the job. You also might be overpaying through a workplace policy.
- My Health Is Too Bad – Yes, some life insurance policies will disqualify you for poor health or certain conditions. But, there are other policies that require no physical.
- I Have No Kids and Am Not The Financial Head of My Household – Regardless of whether you have children or a spouse that works, you need life insurance. If nothing else, who is going to pay for your final funeral expenses if you die without having coverage?
- The Process Is Too Difficult – The secret is finding an agent you trust who will walk you through the process and respect your time. In the long run, your loved ones will be glad you took the time to take care of them.
Contact Knippenberg Insurance Inc. life insurance agent to discuss your specific needs regarding life insurance in Cumberland, MD.
