Common Life Insurance Myths Debunked
- Myth: Life insurance is only necessary if you have dependents.
- Truth: Life insurance can cover end-of-life expenses, pay off debt, or leave a legacy, even without dependents.
- Myth: Life insurance through work is sufficient.
- Truth: Employer-provided coverage is usually limited and doesn’t transfer if you change jobs. It’s often wise to supplement it.
- Myth: Only older people need life insurance.
- Truth: Life insurance is cheaper when you’re young and healthy, so it can be cost-effective to get a policy early.
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