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COMMONMYTHSABOUTLIFEINSURANCE
A PRESENTATIONBY
DOUGLAS MELZER
DOUGLASMELZER .NET
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.
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.
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.
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.
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.
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.