Call Us 800-282-9766 ☰ ˟
Logo
Call Us 800-282-9766
  • Home
  • Our Agency
    • AboutImage of right arrow
      • Our Staff
      • Our Locations
    • Claims After Hours
    • Auto Insurance Quote Request
    • Home Insurance Quote Request
    • Our Providers
    • Holiday Hours
  • Get A Quote
  • Products
    • Home & Auto Insurance
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Uninsured & Underinsured Motorist Coverage
      • Diminishing Deductible
      • Accident Forgiveness
      • Minor Violation Forgiveness
      • Roadside Assistance
      • Specialty Auto Insurance
      • Towing
      • Rental Reimbursement
      • Personal Injury Protection (PIP)
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Mobile Home Insurance
      • Scheduled Property Insurance
      • Landlords Insurance
      • In-Home Business Insurance
      • Flood Insurance
    • Other Personal InsuranceImage of right arrow
      • Cyber Lyability
      • Identity Theft
      • Personal Umbrella Insurance
    • Farm InsuranceImage of right arrow
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Long-Term Care Insurance
      • Mortgage Protection Insurance
      • Disability Insurance
      • Key Person (Key Men) Insurance
    • Health InsuranceImage of right arrow
      • Individual & Family Health Insurance
      • Group Health Insurance
      • Dental Coverage
      • Vision Coverage
      • Long-Term Care Insurance
      • Disability Insurance
      • Child Health Insurance
      • Prescription Insurance
      • HSAs
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
      • Snowmobile Insurance
    • Additional Insurance ServicesImage of right arrow
      • Special Event Insurance
      • Other Services
      • Wedding Insurance and Special Event Insurance
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Insurance for Arborists
      • Bar Insurance
      • Box Truck Insurance
      • Builders Risk Insurance
      • Car Dealership Insurance
      • Cargo Insurance and Freight Insurance
      • Cleaning Business Insurance
      • Construction Insurance
      • Contractors Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Dental Practice Insurance
      • Dump Truck Insurance
      • Food Truck Insurance
      • Fleet Insurance
      • Handyman Insurance
      • Garage Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • HVAC Contractors Insurance
      • Liquor Liability Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Minibus Insurance
      • Non Profit Insurance
      • Nursing Home Insurance
      • Real Estate Businesses Insurance
      • Restaurant Insurance
      • Retail Insurance
      • Self-Storage Insurance
      • Snow Plow Insurance
      • Tractor Insurance
      • Tow Trucks Insurance
      • Water Well Drillers Insurance
      • Veterinary Insurance
    • Coverage for Your BusinessImage of right arrow
      • Bonds
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Cyber Liability Insurance
      • Errors and Omissions Insurance
      • Fidelity Bonds
      • Inland Marine Insurance
      • Marine Insurance
      • Office Insurance
      • Product Liability Insurance
      • Professional Liability
      • Small Business Insurance
      • Small Business Liability Insurance
      • Storage Insurance
      • Surety Bonds
      • Technology Insurance
      • Trailer Insurance
      • Transportation Insurance
      • Trucking Insurance and Semi Truck Insurance
      • Workers Compensation
      • Van Insurance
    • Coverage for Your EmployeesImage of right arrow
      • Group Benefits
      • Group Disability Insurance
      • Voluntary Benefits
      • Retiree Health Coverage
      • Group Health Insurance
      • Disability Insurance
      • Individual Life Insurance
  • Contact Us
    • Contact Us
    • Our Locations
Home > Blog > Busted Life Insurance Myths
MONDAY, SEPTEMBER 19, 2022

Busted Life Insurance Myths

There’s a sea of information about life insurance out there; and with so much information, some of it is sure to get twisted around by word of mouth. You’ve probably heard a lot about life insurance, but what’s true and what’s simply a rumor? We’ve busted three of the most common life insurance myths to help inform your financial decisions.a hand holding a blue screen

Myth #1: Empty nesters don’t need life insurance
Many people think that life insurance is only necessary while raising children and paying off homes, after which they may get rid of their policies. At that point in your life, you will probably be in retirement and therefore, no longer earning the income you once were. If you were to die, would your spouse have enough retirement money to live off of? Life insurance provides a financial cushion to keep your spouse afloat in times of hardship.

Myth #2: A life insurance policy should equal twice your annual salary
The size of your life insurance policy should revolve around your family’s needs, and not some one-size-fits-all false notion. While a policy worth twice your annual salary may work for an older couple who has little debt, young families may need significantly more coverage as they raise children and pay off student debts and mortgages. Your independent insurance agent can help assess your needs.

Myth #3: The life insurance you get through work is sufficient
Some employers offer life insurance benefits to staff, which is a great workplace perk. However, it should not be used as one’s only source of life insurance simply because benefits are often capped at one to two times your annual salary, which often is not enough coverage for your family. Fortunately, you can purchase your own life insurance privately to supplement what you already earn through work.

Learn more about this valuable coverage. Call Blackmore-Rowe Insurance at 800-282-9766 for more information on life insurance.

Posted 4:06 PM

Tags: life insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021

  • boat insurance(4)
  • auto insurance(4)
  • life insurance(3)
  • business insurance(3)
  • home insurance(2)
  • rv insurance(2)
  • business(1)
  • homeowners insurance(1)

View Mobile Version
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Home| Get A Quote| Blog| About Us| Contact
109 S Saginaw St | Byron, MI 48418
Ph: 800-282-9766 | Fx: 810-266-4031
Social
Logo

Powered by Insurance Website Builder