Know about the myths and realities of Life Insurance.

1. Life Insurance
Myths and Realities…

2. Life Insurance and Myths
Life Insurance is not as valued as it was. People value life, but
forget that they can protect it with an insurance cover.
Life Insurance is complex but just looks ordinarily simple.
Research has reveled many times that an employer paid
coverage is not enough to take care of people and their
families.
Here are some of the myths about life insurance and the
realities.

3. Life Insurance
Myth 1:
I am single and have no dependents;
therefore, I don’t need coverage
Reality:
Life Insurance also covers the costs of personal
debts and other bills. If uninsured, you might leave
some debts for your family. You can also leave a
legacy to a good cause or charity, with life

4. Life Insurance
Myth 2:
Life Insurance Coverage = Twice Your
Annual Salary
Reality:
The amount of life insurance coverage depends on
your circumstances. Other than paying for medical
bills, you might also want to pay mortgage and
provide for your family. An analysis of your cash and
requirements, will help determine the right amount.

5. Life Insurance
Myth 3:
Insurance Coverage at work is sufficient
Reality:
Well… maybe yes, maybe not. If you are single with
modest means, then maybe yes. If you have a family
or dependents, or you know that you will have to pay
bills and taxes later on, then additional coverage
maybe required.

6. Life Insurance
Myth 4:
I have to have life insurance
Reality:
That’s true in most cases. But if you have your
medical and other expenses covered, life insurance
may be optional for you then.

7. Life Insurance
Myth 5:
Life insurance coverage is only for bread
winners
Reality:
A homemaker takes care of many things including
home and children. If they are deceased, then it
costs more than the breadwinners insurance
sometimes. It is therefore important to insure your
spouse.

8. Life Insurance
Myth 6:
Investing money elsewhere is better than
buying insurance
Reality:
Till the value of your assets exceed your debt, you need
some kind of insurance cover. Depending only on your
investments in your early ages, having dependents and not
having any insurance cover might not be a great idea. There
will nothing that will provide for them if your assets are also
gone.

9. Call Insurance is an insurance provider that offers
insurance plans for Australia.
The insurance plans are flexible and can be tailored
per your needs.
Visit www.callinsurance.com.au for more.
You can also contact us directly.
Call us at 1300 073 305; write to us at admin@callinsurance.com.au