Unmasking the Top 3 Myths of Life Insurance

Most people don’t like to consider the idea of death. Though it’s been sung about lightly and considered literally, the ever-looming prospect of death has the tendency to leave anyone hyperventilating or spooked.

Whether it comes in five days or five decades, death is imminent. But that doesn’t mean it is something to be frightenedof. Most people are unwilling to think about the topic of death—and even more are unwilling (or undereducated) to prepare for the possibility.

Because of so many myths surrounding it, it’s no wonder that nearly 40% of adults in the U.S. don’t have life insurance at all. Over 200 million Americans (and their families) are bypassing the benefit of being insured! Don’t get caught up in the myths of owning life insurance—the pros definitely outweigh the cons.

Myth #1: Once you’ve got it, you don’t have to worry about it.

False. You needto be constantly mindful of your life insurance policy. Life changes, which means your situation is constantly changing. Make sure you keep your policy up-to-date and accurate. One of the benefits of life insurance is its ability to adjust to your specific circumstances: if you become healthier, you may be able to lower your premiums. If you’ve got life insurance, review it periodically.

Myth #2: Death is when benefits begin.

False. There are a number of “living benefits” that come with having life insurance. Depending on your policy, you may be able to access the money through withdrawals or tax-free loans. Whether you need to helpwith a child’s education or use some of your savings, life insurance policies offer benefits that come into play long before the grim reaper does.

Myth #3: I’m young—there’s no need now.

False. Though it may seem like a grotesque notion, death comes to everyone; you never know when it will show up at your door. Since there is no advance warning, prepare now. Life insurance needs to be purchased before you actually need it. Are you young and healthy? If so, life insurance rates are low for you—you can get the deal of a lifetime!

Life insurance may not stop death, but having it will ease the burden of stressing over unexpected circumstances. At Metropolitan Insurance Service Consultants, Inc., we understand your unique lifestyle andinsurance needs. We are not just your local insurance agents, we neighbors. Call 888-822-6519 today to learn more about our life insurance policies.