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Life insurance: Separate myths from facts

Contributed by : Praveen Nair

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I'd like to "clear the air" of two misconceptions about life insurance. Knowing the facts can help you make appropriate choices to provide for your family.

Myth: I have group life insurance coverage so I don't need an individual life insurance policy.

Fact: Your group policy may not provide sufficient insurance coverage to adequately provide for your loved ones. And if you leave your current employer (or if your employer stops offering this benefit), you'll generally lose your group coverage. With a personal life insurance policy, you don't have to worry about losing coverage if you leave your current job. And you can tailor it to suit your family's needs.

Myth: Life insurance is complicated and offers limited choices.

Fact: I'm here to explain your options so you can select the insurance coverage that's appropriate for your family. In a nutshell, term life insurance can provide affordable coverage for your temporary needs. Whole life insurance can provide a full lifetime of insurance coverage and cash value accumulation that you can use if necessary. Universal Life insurance can provide lifetime coverage with more flexibility in premium payments, coverage amounts and cash value accumulations. All three options offer a wide variety of insurance riders that can allow you to tailor your insurance coverage to suit your needs.

Contact me at 206-719-1070 and I'll explain how easy it may be to help provide for your loved ones.

About Author
I am an Insurance Agent specializing in Auto Insurance, Home Insurance, Restaurants Insurance, Life Insurance, Commercial Insurance, Renters Insurance.


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Nair Insurance Agency
Federal Way

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