Life Insurance Myths
5 Common Myths Young Parents Believe About Life Insurance
Stringing a complete thought together while balancing diapers, daycare, and deadlines, seems like an impossible task. Add thinking about life insurance on top of that and you might start to squirm. But for young parents, protecting your family’s financial future is one of the most important decisions you’ll ever make.
Unfortunately, there’s a lot of misinformation out there. Let’s clear up the five biggest myths about life insurance and what every young family should know.
Myth #1: “I’m too young and healthy to need life insurance.”
Telling ourselves I am too healthy and too young is a mental wall most of us are guilty of building in our minds to avoid the very important fact that we do need coverage and protection for our families. The younger and healthier we are, the lower our rates and those rates are locked in for the entire term. Waiting until we’re older or have health issues could certainly mean higher premiums or limited coverage options may be available to us. My parents never took life insurance seriously, then my dad got cancer and I spent the next 15 years of my life receiving weekly speeches from my mom on the importance of life insurance.
Myth #2: “It’s too expensive.”
This is the biggest misconception. Term life insurance is surprisingly affordable, especially for young families. You can often protect your loved ones for less than your monthly streaming or coffee budget.
Protecting your family’s financial stability costs less than you think — and provides peace of mind that’s priceless.
Myth #3: “My employer’s life insurance is enough.”
Many workplace policies only cover 1–2 years of your salary, sometimes even much less, and this is far short of what most families need to replace income, pay off a mortgage, or cover college expenses. Plus, if you change jobs, you risk losing that coverage.
Your employer’s policy should supplement, not replace, your own personal plan.
Myth #4: “I’ll buy it later when I can afford it.”
Life changes fast — and so does your health. Putting off putting protection in place for your loved ones just a few years could significantly increase your premium. The truth is, life insurance is cheaper and easier to get now than it will ever be again.
Myth #5: “It’s complicated.”
Not anymore. At Roemer & Associates, we simplify everything with no confusing jargon, no high-pressure sales. Just clear, honest guidance so you can make the best decision for your family. This is not a long drawn out process, we have created a simple three step process. Step one: fill out the contact form. Step two, have a quick consultation call with a Roemer & Associates agent. During this call we will discuss your family's needs and wants. We will gather the information we need and then we will put in the hard work of researching and building personalized quotes for the product(s) that best suit your families needs. Step 3, we will present our findings and leave it to you to make a decision. No high pressure sales pitch. No tactful persuasion techniques. We supply you with the information and quotation and the decision is up to you, it is that simple.
