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Many Consumers have common misconceptions with regards to life insurance because they often don't understand its full potential or do not want to add another bill to their already mounting monthly payments. But, the realization is that most policies are extremely affordable and can be a huge relief to a family's perpetuation if the worst ever comes. The fact of the matter is that life insurance can be easily set in place with one of our skilled professionals and they take the guess work out and actually understand and work with you monthly budget to get you the most for your dollar. Below is a lot of common misconceptions and good information to consider when thinking about life insurance. Feel free to call us at 1-800-409-9790 for a free life insurance review or visit our free life rating site for a Quote Today!

Consumer Misconceptions

• A main concern we fined for most life insurance consumers is that they only look to put a life insurance in force when they have an immediate need for it. That is great and grand, but the problem is that they are generally older or have waited a few years to have kids or they have health problems. At that time they “say hey I need a life policy”. Life Companies know that and rate up for that. So to get around high costs it is important to take out a policy when you are young and healthy and do not have an immediate need for life insurance to lock in at low rates. Essentially going against the grain of the ordinary consumer to have the best cost savings model.

• People who say they want to wait until they have kids. We hear this all the time, which is great that consumers want to obtain life insurance for themselves and for their kids. The problem with this idea is that there could be health complications during the pregnancy or you may forget to get one in force because their world becomes to busy and continue to push it off. Also, because age, weight and height all pay a major role in the cost of life insurance, pregnancy can sometimes tend to add weight for the mother causing their rates to become higher.

• People who wait to get life policies for just the right time never end up getting them, health changes happen to deter them from ever getting them or they continue to postpone getting it until they have priced themselves out the game.

• Our personal favorite misconception is that consumers have life insurance at work and therefore do not need any further policy in force. The problem with that is that many of those policies are only guaranteed while employed by that company. If you leave, or get laid off from your position, those benefits generally do not transfer with you and end immediately. This really puts you in a rough situation financially because generally you are older and health complications may have arise causing the cost of a policy to sky rocket. An additional concern is that you technically do not own or manage those life polices at work so you are out of luck and the company has full authority of their benefits package. It is a great supplemental to have the company owned policy. But, generally it is not enough to maintain current lifestyles. So we do stress to our clients to get a policy for themselves that they can physically own and manage and have full control to make decisions on.

• Another misconception is that once I select a beneficiary I will not be able to change it at anytime. When you own and manage your own policy you are free to change the beneficiary at anytime and also apply split percentages or alternate beneficiaries on your account, allowing you to have full control and choice of who your money goes to.

It is important to at least have a conversation about getting a life policy. Our dedicated agents will work with a budget and give you a pressure free experience when coming up with a solution that meets your needs. Give us a call today to start the conversation, you will be surprised to find that getting a life insurance policy is easy and wont break the bank.