With all the advertising about life insurance these days, you’d be forgiven if you put it in the ‘too hard’ basket for another day. While it can be tricky to navigate your way through the rules, the difference policies, and finding one that is the right fit for your situation, this myth buster might help make things a bit clearer for you.
Myth 1 – Life insurance is too expensive
The average life insurance premium cost is actually less than a car insurance premium, depending on which policy you go for, making it quite affordable for what you are insuring!
Myth 2 – I don’t need cover
No one likes to believe the worst can happen, but wouldn’t we want to protect against it? We never question if we need to insure our home and its contents, so why are people any different? Irrespective of how old you are, if you have a mortgage and other debts that rely on your income, if you are involved in a serious accident or illness, you may need it when it’s too late.
Myth 3 – Life insurance is confusing
Put simply – life insurance can be very straightforward or as complex as you require. You can buy a very simple plan that covers the basics and that may be enough for you. Or, if you want a tailor made policy personalised for you and your situation, then you may need to put a bit more effort in.
Myth 4 – Insurance companies don’t pay claims
Despite what people think, insurance companies do pay out all genuine claims as quickly as possible. If you need help understanding this step of the process – you’re in luck.
Advised Life Insurance is focused on providing specialist Life insurance advice. To find out more about our services just give us a call on 6424 8966.