{"id":66,"date":"2018-06-26T13:35:18","date_gmt":"2018-06-26T19:35:18","guid":{"rendered":"https:\/\/www.fidainsurancegroup.com\/blog\/?p=66"},"modified":"2018-07-08T13:35:58","modified_gmt":"2018-07-08T19:35:58","slug":"5-myths-about-life-insurance","status":"publish","type":"post","link":"https:\/\/www.fidainsurancegroup.com\/blog\/5-myths-about-life-insurance\/","title":{"rendered":"5 Myths About Life Insurance"},"content":{"rendered":"<p>If you have misconceptions about life insurance, it\u2019s time to learn the facts so you can make smart choices that benefit your future. At\u00a0<span class=\"scayt-misspell-word\" data-scayt-word=\"Fida\" data-wsc-lang=\"en_US\">Fida<\/span>\u00a0Insurance Group in Monroe, CT, we can help you discern truth from fiction concerning life insurance coverage so you can get the protection you need.<\/p>\n<p>Myth: Life Insurance is Terribly Expensive<\/p>\n<p>Life insurance costs vary according to policy type and coverage. By reviewing various types of policies, you\u2019re bound to find an affordable option to suit your needs.<\/p>\n<p>Myth: Young, Healthy Adults Don\u2019t Need Life Insurance<\/p>\n<p>As a young adult, you may have loved ones such as aging parents who count on you for support. Life insurance can provide financial security for them if you were to unexpectedly pass on. Some policies, such as whole life insurance, accumulate cash value which you can borrow from to purchase a home or pay for college. By buying life coverage when you\u2019re young, you can lock in a policy at a very reasonable price.<\/p>\n<p>Myth: Life Insurance is Only for Families<\/p>\n<p>Life insurance can benefit singles as well as families. Life insurance benefits can help pay off your debts or provide ongoing financial support for a business partner to keep the business going if you were to suddenly pass on. Policy benefits can even cover your funeral expenses so family or friends\u00a0<span class=\"scayt-misspell-word\" data-scayt-word=\"aren\" data-wsc-lang=\"en_US\">aren<\/span>\u2019t burdened with this cost.<\/p>\n<p>Myth: Stay at Home Parents Don\u2019t Need Life Coverage<\/p>\n<p>Stay at home parents provide valuable support for their families that would be extremely costly to replace upon their sudden demise. Benefits from a life policy can help cover the cost of childcare,\u00a0<span class=\"scayt-misspell-word\" data-scayt-word=\"homecare\" data-wsc-lang=\"en_US\">home care<\/span>, meal prep services, etc. so your spouse can continue working to support your family.<\/p>\n<p>Myth: Beneficiaries Pay Taxes on Life Insurance Benefits<\/p>\n<p>In general, life insurance benefits are tax-free, so beneficiaries can benefit from all they have to offer.<\/p>\n<p>For more information about life insurance options and costs, contact us at\u00a0<span class=\"scayt-misspell-word\" data-scayt-word=\"Fida\" data-wsc-lang=\"en_US\">Fida<\/span>\u00a0Insurance Group in Monroe, CT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you have misconceptions about life insurance, it\u2019s time to learn the facts so you can make smart choices that benefit your future. At\u00a0Fida\u00a0Insurance Group in Monroe, CT, we can help you discern truth from fiction concerning life insurance coverage so you can get the protection you need. Myth: Life Insurance is Terribly Expensive Life [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-66","post","type-post","status-publish","format-standard","hentry","category-insurance"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/posts\/66","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/comments?post=66"}],"version-history":[{"count":1,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/posts\/66\/revisions"}],"predecessor-version":[{"id":67,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/posts\/66\/revisions\/67"}],"wp:attachment":[{"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/media?parent=66"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/categories?post=66"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/tags?post=66"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}