Canandaigua, New York
470 S Pearl St
Canandaigua, NY 14424
(585) 394-5544

3 Myths About Life Insurance Debunked January 15, 2019

Canandaigua, Ontario
3 Myths About Life Insurance Debunked , Canandaigua, New York

Life insurance provides vital financial resources for your loved ones after death, providing you with comfort and peace of mind. While it might be one of the most important insurance products you can get, it’s also one of the most misunderstood, with many myths that can prevent you from getting the coverage you need. Below are some of the most common misunderstandings about life insurance policies.

3 Common Myths About Life Insurance

1. Only Parents Need It

life insuranceMost people think of life insurance as a way to protect their children, but almost everyone has financial obligations they would like to meet even after death. For instance, leaving behind enough funds to cover the mortgage and other debts can take the financial burden off of your spouse, but even singles should have enough insurance to cover burial expenses. Without it, your family may be responsible for paying these costs themselves, which can be costly. 

2. My Employer’s Life Insurance Cover Is Enough

Many employers offer these plans as an employee benefit. Most employer-provided policies will only pay a year’s salary, or even less, which may not be enough to cover your family’s long-term needs. That coverage is also temporary, and will usually end when you leave the company or switch jobs. 

3. Life Insurance Is Expensive

Premiums depend largely on your age and health when you purchase the policy, and it can be very affordable if you get coverage when you’re young. Most people in their 30s or 40s can get a policy for as little as $40 per month, with premiums that won’t increase even if your health declines.


Since 1863, the Canandaigua Insurance Agency has been Ontario County, NY’s most respected, trustworthy insurance provider, offering a broad range of policies to cover every aspect of your life. Their friendly agents take the time to review your finances and develop a personalized coverage package designed to meet your needs. To browse their life insurance policies, visit their website or call (585) 394-5544 to schedule a meeting and request a quote.

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