Many people skip life insurance due to misconceptions. Let’s clear up some of the most common myths that can prevent people from making smart financial choices.

Myth 1: “I’m young and healthy I don’t need it yet.”
Reality: Life insurance is cheapest when you’re young. Waiting means higher premiums and possible denial due to health issues.

Myth 2: “Stay-at-home parents don’t need life insurance.”
Reality: Replacing childcare, household management, and other unpaid labor can be expensive. Insurance helps cover those costs.

Myth 3: “My job provides life insurance that’s enough.”
Reality: Employer-provided policies are often limited and not portable. If you leave your job, you may lose coverage.

Myth 4: “Life insurance is too expensive.”
Reality: Term life policies can be very affordable sometimes as low as $10–$30 per month for young, healthy individuals.

Myth 5: “Only the breadwinner needs coverage.”
Reality: Both spouses should be insured, as the loss of either can have significant emotional and financial impact.

Myth 6: “It’s too complicated to understand.”
Reality: With a bit of guidance, anyone can understand the basics. Speak to an advisor and ask questions—there’s no such thing as a silly one when it comes to protecting your future.

Myth 7: “I don’t have kids, so I don’t need it.”
Reality: Life insurance can help cover debts, final expenses, and even leave a legacy to loved ones or charities.

Conclusion: Don’t let myths stop you from making a smart, responsible decision. Life insurance is a key part of financial health and security—no matter your age or income.