Sifting through the different life insurance options can feel overwhelming, and you may find it difficult to decide which products, terms, premiums, and coverage amounts would best combine to protect your loved ones.
If you're unsure about how to proceed, Haven Life can lend a hand. You can easilyAmid this confusion, it's important to separate fact from fiction. Here are some of the most common life insurance misconceptions you might encounter, and what you actually need to know.
You may find it easier to qualify for affordable coverage from a group policy through your workplace. It's just important to note that in many cases, this coverage ends if you leave your job.It's true that life insurance coverage is an added expense in your monthly budget. However, premiums for a life insurance policy are probably a lot more affordable than you think.from LIMRA and LifeHappens.org, more than 80% of consumers overestimate the cost of buying life insurance coverage.
Even if you don't yet have a family, though, life insurance coverage can still protect your parents, siblings, or even just your estate. ThisSatisfy debt that would otherwise pass to your estate, such as an outstanding mortgage balance or co-signed loans The living benefits afforded by a life insurance policy will vary based on the type of policy and which options you chose at the time of purchase. Some benefits you could enjoy include:Waiving your future premiums if you are disabledspeak with your financial adviser