Asking someone without life insurance for reasons they haven’t yet bought coverage will likely result in many answers. These reasons are usually invalid because they were not given all the information. We are here to tell you the truth about life insurance.

Affordable life insurance. According LIMRA, 86% of those who feel they need it say they haven’t bought it yet because it is too costly. American citizens believe that life insurance premiums are three times more expensive than they really are. Although it is true that premiums for this coverage may be higher for people who smoke or have specific medical conditions, the chances are that they are still lower than you think. Insurance costs depend on your age, health, type of policy and how much coverage you need. You will be amazed at the affordability of insurance if you talk to an agent or someone with coverage.

Life insurance does not only cover families. Single people also need insurance. Some people believe that life insurance is only for those who have to care for their family members. If a single person dies, however, they will still need to pay for the funeral and burial costs, as well as any outstanding debts. If the person has outstanding debts, such as a mortgage or car loan, it can be very costly. Although single individuals might not require as much coverage than people with children, they still need enough to cover their final expenses and not place the financial burden on their family or close friends.

Not all life insurance policies require a medical examination. However, there are many options for insurance that don’t require one. Talk to an agent if you are concerned about this. You can be assured of a straight answer from them about whether you are eligible for these policies.

Life insurance does not create bad karma and is not a jinx. Many people believe that buying life insurance will cause them to die earlier than if they didn’t. Many people are still thriving with life insurance policies. Many people choose to change their policy after their term life policies expire, whether it is for 15, 20, 30 or 30 years. A person buying car insurance, homeowners insurance or renter’s coverage does not necessarily mean that anything bad will happen to their property. It just means that they have prepared financially so that they won’t have to deal with financial difficulties if it happens. Life insurance is the same. You are protecting your family against financial difficulties in case of an emergency.

It is essential that everyone has this coverage. We may wish it was true but the truth is we will all pass away one day and someone will need to pay the bills. Do not let fear and myths prevent you from getting the coverage that you need.