Last Updated on December 4, 2018
Myth n° 3: I only need Term Life Insurance
Many young families would only go for term life insurance because it offers great coverage and it perfectly suits their budget! But what they might not realize is that a term insurance alone is not enough and it’s not the only type that should be considered!
Permanent life insurance policies are worth paying for as they provide a death benefit and other interesting and unique features such as the ability to accumulate cash values over time.
This means, that when it comes to important uses such as a business opportunity or child’s education, the permanent life policies allow the insured person to have access to the cash values!
Still, if this doesn’t make sense to you, don’t hesitate to talk to an insurance agent and get all the answers you need about life insurance!
