While no-one wants to think about their own passing, researching and obtaining insurance is a way to help provide for your family no matter what. However, some common falsehoods circulated about the coverage can stop people from taking the necessary steps. The following guide dispells some of these myths.

What You Shouldn’t Believe About Life Insurance

1. Employer-Provided Insurance Is Sufficient

Many employers provide group life insurance to their employees. While helpful, this usually only covers approximately two years’ worth of salary. However, financial experts say you need at least ten times your income. You’ll also lose coverage if you change jobs.

2. It Costs Too Much

Depending on one’s age and health, life insurance can be very affordable—often less than an average cell phone bill. An insurance agent can help you shop for options to find the best coverage for the lowest price.

3. It’s Unnecessary While You’re Healthy

Many think that they can do without life insurance if they’re in good health and still young. However, a car accident doesn’t usually discriminate by age. By signing up early, you also lock in the low price of your youth for future cost savings.

4. Only One Spouse Needs Coverage

Even if one spouse is a stay-at-home parent and, thus, doesn’t earn an income, don’t underestimate his or her value. If they were to pass away, there would be unavoidable added costs to the household like child care and house cleaning.

5. Buying Insurance Is Complicated

While researching policies on your own can be time-consuming, an insurance agent can help you compare policies, as well as assist with the necessary paperwork. This assistance is offered at no additional cost to you.

If you are interested in purchasing life insurance, contact Grachek Insurance in Kalispell, MT. Since 1986, this locally and family-owned company has been offering coverage to residents of Flathead Valley and the surrounding areas to protect everything you’ve worked so hard for. For superior customer service, a free quote, and affordable rates, call (406) 755-4000. Visit their website for more information on their products.