Life insurance — often misunderstood, frequently postponed, and sometimes avoided altogether. Why? Because myths and half-truths cloud people’s understanding of what it really is and how essential it can be.
Let’s set the record straight.
Myth #1: “I’m young and healthy — I don’t need life insurance.”
Reality: That’s exactly why you should get it now. Premiums are lowest when you’re young and healthy. Waiting until later could mean higher costs — or even denial of coverage.
Myth #2: “It’s too expensive.”
Reality: Basic life insurance plans can cost less than your monthly streaming subscriptions. It’s not about how much you spend, but about the peace of mind it brings to your loved ones.
Myth #3: “I get insurance through work. That’s enough.”
Reality: Employer-provided policies usually offer limited coverage — often just 1–2 times your annual salary. It may not be portable or sufficient for long-term needs.
Myth #4: “Only breadwinners need life insurance.”
Reality: Non-earning spouses contribute immense value — childcare, household management, and more. Losing that support has real financial impact that life insurance can help cover.
Myth #5: “I don’t have kids, so I don’t need it.”
Reality: Life insurance isn’t just about kids. It’s about anyone who depends on you — a partner, aging parents, or even settling your debts so they aren’t passed on to your family.
Myth #6: “It’s just for death benefits.”
Reality: Some life insurance policies build cash value you can borrow against or use during retirement. It can be a smart financial tool — not just a safety net.
Myth #7: “I’ll buy it later when I need it.”
Reality: You don’t get insurance because you’re about to face a storm — you get it before. Once a health issue strikes, it may be too late to buy at all.
The Bottom Line:
Life insurance isn’t about fearing the worst — it’s about being prepared. It’s a gift of security you leave behind, a plan that says: “Even when I’m not there, you’ll be okay.”