Is Life Insurance Expensive?

Consumers Overestimate the Cost

One of the biggest misconceptions about life insurance is the cost. The number one reason people avoid purchasing life insurance, or getting more of it, is the belief that it’s too expensive. However, research shows that 72% of Americans overestimate the true cost of basic term life insurance. This misconception keeps many from securing the coverage they actually need.

Now Is the Time to Act

As we start the year fresh, we have an ideal opportunity to evaluate your current life insurance policy or to consider getting one if you don’t have any coverage. It’s a time to think about the legacy you want to leave behind and how you can ensure your loved ones are financially protected.

Whether you’re looking to fill a coverage gap or get started with life insurance for the first time, now is the time to act. Don’t let misconceptions keep you from protecting your family’s future.

Need help? Contact us at team@rwealthgroup.com or call/text (813) 761-2836. We’re here to guide you every step of the way.

 

Reference: https://www.limra.com/en/newsroom/industry-trends/2023/september/september-is-life-insurance-awareness-month/.

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