We all want to protect our loved ones and purchasing life insurance is one way to do so. There are common myths surrounding life insurance that might make it tricky to understand but things like Life Insurance Awareness Month were created to highlight the many benefits that life insurance has to offer. Discover the truth on five common life insurance myths.

1. Life insurance isn’t just for the elderly. There are a variety of insurance products available for adults, millennials, and even babies. If you’re interested in finding out more information about our life insurance products, visit: https://www.catholicfinanciallife.org/Products/LifeInsurance.htm
2. Life insurance isn’t as expensive as you think. According to Life Happens, 2 and 3 adults think life insurance is too expensive but overestimates its true cost by more than 2x. To put it into perspective, a life insurance policy could cost less than a daily cup of coffee at the local café.
3. Life insurance isn’t something you “eventually get to”. You can purchase life insurance at any time. However, this doesn’t mean that it’s okay to wait. What if something were to happen to you? Don’t let “eventually” turn into your loved ones’ “if only.”
4. Life insurance gets more expensive as you get older. There’s no better time than the present to purchase a policy for your loved ones. As you get older, the price for life insurance continues to go up.
5. You still need life insurance even if you don’t have kids. One of the many reasons people purchase life insurance is because of their kids. However, a life insurance policy will make sure anyone in your life, such as a spouse or partner, will be protected if something were to happen to you.

Take some time next month to think about the importance of life insurance. If you have any questions, contact a Catholic Financial Life advisor at https://join.catholicfinanciallife.org/contact_advisor