Misconception 1: It's too expensive
Many consumers don't even think about trying to get life insurance because they assume the cost factor for life insurance is going to be too high and therefore too expensive for them to afford. There are several life insurance risk factors that affect life insurance premiums, including the type of policy, age, gender and personal health history. However, it's actually more affordable than many people think. In general, over half the population thinks term life insurance is over three times more expensive than it actually is.
Misconception 2: It's too complicated
Many people shy away from trying to get life insurance because they assume the quoting and purchasing process is going to be too difficult or complex. They assume that they have to gather a bunch of medical records, go into the office, meet with an agent, take a medical exam, etc. By answering just a few simple questions you can get a life insurance quote online.
Misconception 3: It's not for me
Many people have a limited knowledge of life insurance, which often leads to a lack of understanding of why they even need life insurance in the first place. People often don't know where to begin and don't want to sound silly by asking the "wrong question."
There's a lot to understand about life insurance, and we want to make sure you have all the information you need to make informed decisions about protecting the financial future of your family. We encourage you to learn more and discuss your unique needs with your local State Farm® agent.
