Life Insurance is not easy. It is also not difficult if you have a total knowledge about it. What you need to do is unfollow some of the myth about insurance and understand it from the core. These myths are spread across the investors and hence lets talk about these myths so that you just refer and wipe it from your mind. Followin are some of the myths which you would also relate to:
- I am Single & there is no one dependent on me, so why do i need insurance!
- My Life Insurance Coverage Needs Only Be Twice My Annual Salary
- My Term Life Insurance Coverage at Work Is Sufficient
- The Cost of My Premiums Will Be Deductible
- I Absolutely MUST Have Life Insurance at Any Cost
- I Should ALWAYS Buy Term and Invest the Difference
- Variable Universal Life Policies Are Always Superior to Straight Universal Life Policies Over the Long Run
- Only Breadwinners Need Life Insurance Coverage
- I Should Always Purchase the Return-of-Premium (ROP) Rider on Any Term Policy
- I'm Better off Investing My Money Than Buying Life Insurance of Any Kind
There are quite more myths and misinterpretations about insurance. What's important that your life is always at risk and at no point you would know will happen next. Hence, forget the myths and analyze the importance of Insurance.
Want to know more?
Contact us on karvy@gmail.com
Visit our website: http://www.karvywealth.com
Join us on Facebook: http://www.facebook.com/KarvyWealth
Follow us on Twitter: https://twitter.com/KarvyWealth
Contact us on karvy@gmail.com
Visit our website: http://www.karvywealth.com
Join us on Facebook: http://www.facebook.com/KarvyWealth
Follow us on Twitter: https://twitter.com/KarvyWealth
Source: www.Investopedia.com
For some, life insurance isn’t the most fun subject to dwell on at length, or think about during your time away from work. But insurance is an important part of financial planning — but understanding the whole concept and buying the right product can be tricky. To get the best deal, you can try to compare the life insurance policies and prices of competing insurers. Every company prices their policies differently. A real easy way to do this is to compare premiums and policies online.
ReplyDelete-Fe Penley
“Hence, forget the myths and analyze the importance of Insurance.” You are right, an individual who’s interested in getting an insurance should focus more on understanding the policies of the insurance itself. Also, make sure to have a valuable and deep conversation with the insurance broker to have a better knowledge of it.
ReplyDeleteHershel Duffey
Some may not really understand the value of having insurance. However, you may come to a point where you’ll appreciate having one, especially when you come upon some unwanted situation without desperately needed cash. Having insurance will help you cover all the expenses to protect your assets and more.
ReplyDeleteBarry Bates