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Kiplinger
Kiplinger
Business
Karl Susman, CPCU, LUTCF, CIC, CSFP, CFS, CPIA, AAI-M, PLCS

Four Common Misconceptions About Life Insurance

An older woman looks relieved as she leans her head back while sitting in the sun.

Death and taxes, right? I mean, we know those are the two things we can always count on. On a happier note, one of these we have to deal with only once rather than the other, which we have the joy of facing repeatedly throughout our lives.

So why, if we all die, does literally every single person on the planet not have life insurance? Seems like a no-brainer that if a life insurance policy will pay out moola when you do, then it’s a good deal to have, right? Let me explain with examples of some of the more common rejections to this logic that even Mr. Spock can’t argue with. (For those of you who aren’t pop-culture-inclined, Mr. Spock is a Star Trek character known for his logic.)

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