3 minute readLife
The common ones: it is too expensive (term for a healthy 35-year-old often costs less than a phone bill), employer coverage is enough (it rarely is and it is not portable), young and healthy people do not need it (that is when it is cheapest), and stay-at-home parents do not need it.
What you need to know
Myth: it is unaffordable
Term pricing surprises most people in the opposite direction. Get a real number before deciding.
Myth: work coverage is enough
It is typically one to two times salary and ends when employment does.
Myth: healthy means unnecessary
Health is what qualifies you for coverage, not what makes it optional.
Common mistakes
- Relying only on employer coverage, which is small and not portable.
- Waiting to buy, when age and health only make pricing worse.
- Insuring the earner and not the parent doing unpaid household work.
- Leaving outdated beneficiaries on the policy.
- Buying a term length that expires before the need does.
When to talk to an agent
Talk to an agent when someone becomes financially dependent on you, when you take on a mortgage, when your health or income changes, or when you want a real number instead of a guess.
Frequently asked
This article is general information, not a policy or a promise of coverage. What your policy pays depends on its specific terms, limits and exclusions. Ask us to review your actual policy before making a decision.