Life insurance is an essential product that protects the financial future of your family. At The Select Insurance Agency, we offer a variety of options for life insurance policy purchases in Coppell, TX.
Unfortunately, a lot of consumers are misled by common misconceptions out there regarding life insurance. The following are three common misconceptions about life insurance to be aware of.
A person who is healthy and young doesn’t need to buy life insurance.
You never know when accidents or unexpected medical issues can come up. You shouldn’t assume that you won’t experience one of these tragic events just because you’re young and healthy. Also, if you’re young and healthy coverage is probably going to cost very little and be easily affordable for you.
Life insurance is very expensive.
If you start doing some research, you’ll probably be pleasantly surprised by how relatively inexpensive life insurance is. Those who are young and healthy can often buy term life insurance coverage for only around $10 a month. This is not a lot of money to have to pay considering how much your family could benefit from your coverage in the event of an unexpected death.
If my employer provides life insurance, I don’t need additional coverage.
A lot of employers offer life insurance coverage for their employees. However, you really need to look at the details of any employer-sponsored life insurance coverage. This coverage might not be enough. Calculate the amount of life insurance your family needs to evaluate how adequate the policy you get from your employer is.
You should research your options as much as possible before buying life insurance. You can consult us at The Select Insurance Agency for information on life insurance in Coppell, TX. Visit our website or give us a call to learn more.
