Most people need life insurance. But many don’t obtain it because they’re deterred by certain myths.
Myth No. 1: “My spouse works and we don’t have kids, so I don’t need insurance.” Could your spouse afford the mortgage if you weren’t around? And are there student debts?
Myth No. 2: “Life insurance is too expensive.” Actually, term insurance can be quite affordable, especially if you’re young.
Myth No. 3: “I get enough insurance though my employer.” Your employer’s policy may be far short of what you need, especially if you have several dependents.
Myth No. 4: “I have a pre-existing condition, so I couldn’t get coverage.” Not all conditions will disqualify you, though you might have to pay more for coverage.
Myth No. 5: “Insurers don’t want to pay out the proceeds.” In truth, insurers need very good reasons to deny claims. In fact, they are motivated to pay quickly to avoid accruing interest charges.
Don’t let any of these myths stop you from getting the insurance you need to help protect your loved ones.
This content was provided by Edward Jones for use by Carol Crowley, your Edward Jones financial advisor at 386 West Main St. Northborough, MA 01532 (508)393-5195
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