Are you aware of these myths surrounding life insurance policies?

Strangely enough, people may end up digging out a number of reasons for not taking up a life insurance policy. While some of them reason that they are not “old” enough to purchase a cover, there are others who simply opine that life insurance policies are a sheer “waste” of money. However, if you sit down to think deeply about it, you will only be able to understand that a properly selected life insurance scheme only serves as a well-thought- out financial decision owing to the fact that the financial security of your family depends on it.

Most of the fallacies (like the ones mentioned above) spring from the fact most of the individuals are not really interested in educating themselves about life insurance in general. It is very important to get rid of the “overwhelming” myths surrounding life insurance before purchasing a policy. So what exactly are these “myths”? Read on to find out!

The main objective of life insurance is saving tax

No! not at all…. There is no death of individuals who actually think that the basic function of life insurance coverage is to help you save up substantially on tax. However, tax savings are only an “added” advantage of securing an insurance policy. Its chief purpose is to protect your family during your absence and also to help you in establishing a substantial corpus for yourself to lead a comfortable retired life. In short, tax saving is only the secondary benefit— not the primary one.

Buying insurance is not necessary when you are single

There are some, who simply rule out the importance of life insurance from their lives owing to the fact that they are not single and do not have dependents. Needless to mention, it’s simply not advisable for you to think on those lines. If not for your dependents, you should consider investing in a life insurance policy to see through your own post retirement days without hassles. You, in fact, can opt for a money-back plan which offers you returns at regular intervals.

Insurance only offers post death benefits

Again…one of the overwhelming misconceptions surrounding insurance policies is that they offer benefits only after death. But that’s simply not true! By now (after coming across the post), you must already have gained an idea as to how an insurance policy can actually help you in your post retirement days. You can opt for an endowment term where you will be paid a lump sum after a fixed term.

You do not require an insurance cover because you are young

It is better, in fact, to consider an insurance plan when you are still young. It will help you fund crucial events of life like marriage, child birth, your child’s education, marriage etc.

Life insurance plans are costly

The cost of plan will vary according to your needs. Perhaps you should study your needs first and then zero in on a scheme which will meet your objectives. There are no written rules that insurance plans will be costly. Make sure you are comparing the rates offered by premium carriers in this regard.

149 Responses to Are you aware of these myths surrounding life insurance policies?
  1. smartphone
    April 21, 2018 | 12:28 pm

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  2. Health and Fitness
    April 21, 2018 | 12:28 pm

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    April 21, 2018 | 12:30 pm

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  5. News
    April 21, 2018 | 12:35 pm

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  6. financial news
    April 21, 2018 | 12:52 pm

    There is perceptibly a bunch to know about this. I feel you made some good points in features also.

  7. Travel
    April 21, 2018 | 12:53 pm

    Hello. impressive job. I did not anticipate this. This is a great story. Thanks!

  8. cap
    April 21, 2018 | 12:56 pm

    You actually make it seem so easy along with your presentation however I find this matter to be really one thing which I think I would never understand. It sort of feels too complicated and extremely vast for me. I’m having a look ahead in your subsequent put up, I will attempt to get the dangle of it!

  9. Health and Fitness
    April 21, 2018 | 2:32 pm

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  10. Health and Fitness
    April 21, 2018 | 5:06 pm

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  11. Health and Fitness
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  12. Health and Fitness
    April 22, 2018 | 7:29 am

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  13. Health and Fitness
    April 22, 2018 | 8:29 am

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  18. Capital One Venture
    April 22, 2018 | 4:21 pm

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  19. Culinary Restaurant
    April 22, 2018 | 4:28 pm

    I would like to express appreciation to the writer just for rescuing me from this type of crisis. As a result of researching through the world-wide-web and seeing opinions which are not helpful, I believed my life was over. Existing minus the strategies to the problems you have solved through your site is a critical case, as well as the kind which may have adversely affected my entire career if I had not come across your web page. Your skills and kindness in maneuvering a lot of things was vital. I’m not sure what I would have done if I hadn’t come upon such a thing like this. It’s possible to at this time look ahead to my future. Thank you very much for the high quality and amazing guide. I won’t hesitate to refer your web page to anybody who would need support about this area.

  20. Health and Fitness
    April 22, 2018 | 5:15 pm

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  21. Health and Fitness
    April 23, 2018 | 12:31 am

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  22. Hubs
    April 23, 2018 | 1:25 am

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  23. Auto Company
    April 23, 2018 | 1:27 am

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  24. Health and Fitness
    April 23, 2018 | 3:13 am

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  25. Health and Fitness
    April 23, 2018 | 3:42 am

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  26. Health and Fitness
    April 23, 2018 | 4:20 am

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  27. Health and Fitness
    April 23, 2018 | 4:32 am

    I have recently started a blog, the information you offer on this website has helped me greatly. Thanks for all of your time & work. “If you would know strength and patience, welcome the company of trees.” by Hal Borland.

  28. News
    April 23, 2018 | 5:37 am

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  29. Brian Buehner
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  30. Health and Fitness
    April 23, 2018 | 7:40 am

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  31. Health and Fitness
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Trackback URL http://mynextbuck.com/are-you-aware-of-these-myths-surrounding-life-insurance-policies/trackback/

Are you aware of these myths surrounding life insurance policies?

Strangely enough, people may end up digging out a number of reasons for not taking up a life insurance policy. While some of them reason that they are not “old” enough to purchase a cover, there are others who simply opine that life insurance policies are a sheer “waste” of money. However, if you sit down to think deeply about it, you will only be able to understand that a properly selected life insurance scheme only serves as a well-thought- out financial decision owing to the fact that the financial security of your family depends on it.

Most of the fallacies (like the ones mentioned above) spring from the fact most of the individuals are not really interested in educating themselves about life insurance in general. It is very important to get rid of the “overwhelming” myths surrounding life insurance before purchasing a policy. So what exactly are these “myths”? Read on to find out!

The main objective of life insurance is saving tax

No! not at all…. There is no death of individuals who actually think that the basic function of life insurance coverage is to help you save up substantially on tax. However, tax savings are only an “added” advantage of securing an insurance policy. Its chief purpose is to protect your family during your absence and also to help you in establishing a substantial corpus for yourself to lead a comfortable retired life. In short, tax saving is only the secondary benefit— not the primary one.

Buying insurance is not necessary when you are single

There are some, who simply rule out the importance of life insurance from their lives owing to the fact that they are not single and do not have dependents. Needless to mention, it’s simply not advisable for you to think on those lines. If not for your dependents, you should consider investing in a life insurance policy to see through your own post retirement days without hassles. You, in fact, can opt for a money-back plan which offers you returns at regular intervals.

Insurance only offers post death benefits

Again…one of the overwhelming misconceptions surrounding insurance policies is that they offer benefits only after death. But that’s simply not true! By now (after coming across the post), you must already have gained an idea as to how an insurance policy can actually help you in your post retirement days. You can opt for an endowment term where you will be paid a lump sum after a fixed term.

You do not require an insurance cover because you are young

It is better, in fact, to consider an insurance plan when you are still young. It will help you fund crucial events of life like marriage, child birth, your child’s education, marriage etc.

Life insurance plans are costly

The cost of plan will vary according to your needs. Perhaps you should study your needs first and then zero in on a scheme which will meet your objectives. There are no written rules that insurance plans will be costly. Make sure you are comparing the rates offered by premium carriers in this regard.

149 Responses to Are you aware of these myths surrounding life insurance policies?
  1. smartphone
    April 21, 2018 | 12:28 pm

    You completed a number of good points there. I did a search on the theme and found a good number of persons will have the same opinion with your blog.

  2. Health and Fitness
    April 21, 2018 | 12:28 pm

    Thank you a lot for sharing this with all of us you actually recognise what you are talking about! Bookmarked. Kindly also discuss with my website =). We will have a hyperlink trade arrangement among us!

  3. Real Estate
    April 21, 2018 | 12:29 pm

    Attractive section of content. I just stumbled upon your blog and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Any way I’ll be subscribing to your feeds and even I achievement you access consistently fast.

  4. new electronics
    April 21, 2018 | 12:30 pm

    Attractive section of content. I just stumbled upon your site and in accession capital to assert that I acquire actually enjoyed account your blog posts. Anyway I will be subscribing to your augment and even I achievement you access consistently fast.

  5. News
    April 21, 2018 | 12:35 pm

    Excellent goods from you, man. I’ve understand your stuff previous to and you’re just extremely excellent. I really like what you’ve acquired here, really like what you’re saying and the way in which you say it. You make it entertaining and you still care for to keep it wise. I cant wait to read much more from you. This is actually a wonderful website.

  6. financial news
    April 21, 2018 | 12:52 pm

    There is perceptibly a bunch to know about this. I feel you made some good points in features also.

  7. Travel
    April 21, 2018 | 12:53 pm

    Hello. impressive job. I did not anticipate this. This is a great story. Thanks!

  8. cap
    April 21, 2018 | 12:56 pm

    You actually make it seem so easy along with your presentation however I find this matter to be really one thing which I think I would never understand. It sort of feels too complicated and extremely vast for me. I’m having a look ahead in your subsequent put up, I will attempt to get the dangle of it!

  9. Health and Fitness
    April 21, 2018 | 2:32 pm

    I was studying some of your content on this site and I conceive this website is rattling informative! Continue putting up.

  10. Health and Fitness
    April 21, 2018 | 5:06 pm

    Only wanna input on few general things, The website design is perfect, the subject material is really superb : D.

  11. Health and Fitness
    April 21, 2018 | 7:22 pm

    F*ckin’ awesome issues here. I am very satisfied to peer your article. Thanks so much and i am taking a look forward to contact you. Will you please drop me a mail?

  12. Health and Fitness
    April 22, 2018 | 7:29 am

    great issues altogether, you simply won a logo new reader. What may you recommend in regards to your submit that you made some days in the past? Any certain?

  13. Health and Fitness
    April 22, 2018 | 8:29 am

    Thanks for all your valuable work on this website. Debby enjoys going through investigation and it’s obvious why. A lot of people notice all relating to the lively ways you deliver efficient solutions via your website and as well as increase participation from some other people on the topic plus our princess is really becoming educated a lot. Take pleasure in the remaining portion of the year. You are performing a useful job.

  14. Health and Fitness
    April 22, 2018 | 11:13 am

    I like this weblog very much, Its a real nice situation to read and incur info . “Nunc scio quit sit amor.” by Virgil.

  15. Fashion
    April 22, 2018 | 3:12 pm

    Hi my loved one! I wish to say that this article is awesome, nice written and come with almost all important infos. I’d like to look more posts like this.

  16. Destination Vacation
    April 22, 2018 | 4:04 pm

    Great amazing issues here. I am very glad to peer your article. Thank you so much and i’m taking a look forward to contact you. Will you please drop me a e-mail?

  17. Graphic Design Classes Online
    April 22, 2018 | 4:10 pm

    I am not sure where you are getting your info, but great topic. I needs to spend some time learning more or understanding more. Thanks for excellent info I was looking for this info for my mission.

  18. Capital One Venture
    April 22, 2018 | 4:21 pm

    I have to express appreciation to you just for rescuing me from this particular matter. Right after exploring through the the web and coming across thoughts which are not helpful, I was thinking my entire life was well over. Existing without the approaches to the problems you’ve sorted out all through your entire posting is a serious case, and those which may have negatively affected my entire career if I had not noticed your web blog. Your competence and kindness in handling all things was invaluable. I am not sure what I would have done if I hadn’t discovered such a thing like this. I am able to at this time look forward to my future. Thanks for your time very much for your skilled and results-oriented guide. I will not think twice to recommend the sites to any individual who should get guidance about this topic.

  19. Culinary Restaurant
    April 22, 2018 | 4:28 pm

    I would like to express appreciation to the writer just for rescuing me from this type of crisis. As a result of researching through the world-wide-web and seeing opinions which are not helpful, I believed my life was over. Existing minus the strategies to the problems you have solved through your site is a critical case, as well as the kind which may have adversely affected my entire career if I had not come across your web page. Your skills and kindness in maneuvering a lot of things was vital. I’m not sure what I would have done if I hadn’t come upon such a thing like this. It’s possible to at this time look ahead to my future. Thank you very much for the high quality and amazing guide. I won’t hesitate to refer your web page to anybody who would need support about this area.

  20. Health and Fitness
    April 22, 2018 | 5:15 pm

    Wow! Thank you! I permanently needed to write on my website something like that. Can I take a fragment of your post to my blog?

  21. Health and Fitness
    April 23, 2018 | 12:31 am

    I think this is one of the most vital information for me. And i’m glad reading your article. But want to remark on some general things, The website style is ideal, the articles is really excellent : D. Good job, cheers

  22. Hubs
    April 23, 2018 | 1:25 am

    Great write-up, I am normal visitor of one¡¦s website, maintain up the nice operate, and It is going to be a regular visitor for a long time.

  23. Auto Company
    April 23, 2018 | 1:27 am

    Keep functioning ,remarkable job!

  24. Health and Fitness
    April 23, 2018 | 3:13 am

    Hi, i think that i saw you visited my website thus i came to “return the favor”.I’m attempting to find things to improve my website!I suppose its ok to use some of your ideas!!

  25. Health and Fitness
    April 23, 2018 | 3:42 am

    Dead indited articles, regards for information. “Necessity is the mother of taking chances.” by Mark Twain.

  26. Health and Fitness
    April 23, 2018 | 4:20 am

    Keep up the superb work , I read few posts on this site and I think that your site is real interesting and contains bands of excellent info .

  27. Health and Fitness
    April 23, 2018 | 4:32 am

    I have recently started a blog, the information you offer on this website has helped me greatly. Thanks for all of your time & work. “If you would know strength and patience, welcome the company of trees.” by Hal Borland.

  28. News
    April 23, 2018 | 5:37 am

    Hi, Neat post. There’s an issue along with your site in internet explorer, may check this… IE still is the marketplace leader and a good part of folks will miss your excellent writing due to this problem.

  29. Brian Buehner
    April 23, 2018 | 7:36 am

    We areWe’re a groupa gagglea bunch of volunteers and startingopening a newa brand new scheme in our community. Your siteweb sitewebsite providedoffered us with helpfulusefulvaluable informationinfo to work on. You haveYou’ve performeddone an impressivea formidable taskprocessactivityjob and our wholeentire communitygroupneighborhood will beshall bemight bewill probably becan bewill likely be gratefulthankful to you.

  30. Health and Fitness
    April 23, 2018 | 7:40 am

    As a Newbie, I am permanently searching online for articles that can aid me. Thank you

  31. Health and Fitness
    April 23, 2018 | 8:43 am

    This is really interesting, You’re a very skilled blogger. I have joined your rss feed and look forward to seeking more of your excellent post. Also, I’ve shared your web site in my social networks!

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  10. stress relief essential oil blend
  11. basement remodel denver co
  12. relaxing essential oils
  13. anxiety treatments
  14. essential oils for health
  15. essential oil for anxiety attack
  16. denver basement remodeling
  17. basement finishing do it yourself
  18. View Now
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