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Common Myths About Life Insurance

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Page 1: Common Myths About Life Insurance

COMMONMYTHSABOUTLIFEINSURANCE

A PRESENTATIONBY

DOUGLAS MELZER

DOUGLASMELZER .NET

Page 2: Common Myths About Life Insurance

Life Insurance is....

Too Expensive

Several studies have been done showing that over half ofAmericans overestimate the cost of life insurance. Most peoplesurveyed had the tendency to believe life insurance would costalmost ten times more than it actually does. So, if you think lifeinsurance is too expensive, look into your options. Chances are,

it's less expensive than you think.

Page 3: Common Myths About Life Insurance

Life Insurance is....

Only for People withDependents

While people with dependents need life insurance to look aftersaid dependents, those who do not have dependents should

invest in life insurance as well. If something were to happen,life insurance could help pay for funeral arrangements, and

other things left behind.

Page 4: Common Myths About Life Insurance

Life Insurance is....

Not for Stay At HomeParents

This is a particularly dangerous myth because of everythingstay-at-home parents provide. If they were no longer present,

extra expenses would surface, such as housekeeping, childcare,and cooking. The stay-at-home parent most certainly needs life

insurance as a way to offset these costs.

Page 5: Common Myths About Life Insurance

Life Insurance is....

Less Expensive Online

Life insurance is generally the same price if bought online, andbuying insurance online takes out the helpful advice you could

be getting from an agent. While the internet is moreconvenient, an agent can take into account all factors in your

life and truly ensure you buy the right policy.

Page 6: Common Myths About Life Insurance

Life Insurance is....

Unnecessary if You HaveSavings

A savings account and a life insurance policy are not the samething. Even if you do have money in savings, purchasing a life

insurance policy will ensure that your family has all the moneyit needs for arrangements after your death, as well as for

continuing forward in life.

Page 7: Common Myths About Life Insurance

Life Insurance is....

Only Protection forDeath

A permanent life insurance policy is not only for when you die.It also has growth potential that can provide a cash cushion foryou throughout your lifetime. It can also be used as an untaxed

loan if you decide to withdraw money from it.