Myths of Life Insurance That Could Cost You – Learn the Truth

Life insurance is more than just a policy; it’s a financial shield for your loved ones. Yet, many misconceptions prevent people from making informed decisions. Let’s bust some common myths:

💡 Myth 1: Life Insurance is Only for the Elderly
Reality: Life insurance can be more affordable when you’re younger and healthier.

💡 Myth 2: Only Breadwinners Need Life Insurance
Reality: Stay-at-home parents and even young adults can benefit from coverage.

💡 Myth 3: Life Insurance Payouts are Taxable
Reality: Most death benefits are tax-free in India.

💡 Myth 4: Existing Employer Coverage is Sufficient
Reality: Employer-provided coverage may not be enough for long-term financial security.

💡 Myth 5: Term Insurance Has No Returns
Reality: Term plans provide substantial financial protection at minimal cost.

Don’t let the myths of life insurance misguide you. Understand the misconceptions of life insurance and make a well-informed decision.