8 Common Life Insurance Questions Answered

Your Life Insurance Has a Manual. We're the Expert Who Reads It.

You wouldn't buy a car without looking under the hood and understanding its true value—not just the sticker price. Life insurance is no different. It's a foundational financial engine with a lot of advanced features most people don't know about. Let's look under the hood together, answer the common life insurance questions you have, and explore the advanced benefits you didn't even know to ask for.

Setting the Record Straight - The Basics

This section addresses the most common life insurance questions and myths, like how a car's basic functions might be misunderstood.
Question 1: Isn't life insurance too expensive?
The Common Belief: Many people believe life insurance is a luxury they can't afford, often wildly overestimating the actual cost.
The Truth: A policy is likely more affordable than you think. For a healthy person in their 30s, a strong term policy can cost less than a cup of coffee a day. Just like you can find a reliable car that fits your budget, you can find a solid policy that does the same.
How It Affects You: As a master broker, my job is to find the most competitive rates from a wide range of top-rated carriers, ensuring we find a solution that fits your budget without compromising on quality.

Question 2: I'm too young and healthy to need a policy, right?
The Common Belief: People often think you only need life insurance if you have a family or are older.
The Truth: The best time to get a policy is when you're young and healthy. The premiums will be at their lowest, and you can lock in an affordable rate for decades. Think of it like buying your car while it’s brand new—you get the best price and performance for years to come.
How It Affects You: Getting a policy today secures your family's future at the most affordable price, protecting your ability to get coverage later in life, even if your health changes.

Question 3: Isn't my employer's policy enough?
The Common Belief: Many people rely solely on the policy they get through their job and believe it provides sufficient coverage.
The Truth: Employer-sponsored policies are often a good start, but they are typically very limited—sometimes only covering one to two times your annual salary. Plus, you lose the policy if you change jobs. This is like only having access to a company car; it works great for your job, but it isn't truly yours.
How It Affects You: We can help you determine if your employer's policy is sufficient and, if not, find an affordable personal policy that is yours to keep, regardless of your career path.

Question 4: Isn't the medical exam scary or difficult?
The Common Belief: Many people put off applying for a policy because they fear the required medical exam will be intrusive, difficult, or time-consuming. They worry about "failing" the exam and being denied coverage.
The Truth: A life insurance medical exam is very simple and takes less than 30 minutes. It's often performed by a licensed professional in your own home or office, and is similar to a basic check-up. You can't "fail" the exam; the results are simply used to ensure you get a fair and accurate rate.
How It Affects You: This means the application process is much easier than you think, and the exam is a key step to securing the best possible rate. My job is to simplify the process and show you how to prepare so it's a breeze.

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Beyond the Basics - The Advanced Features

This section transitions to the powerful features you find when you look "under the hood" of a modern policy.
Question 5: Isn't life insurance just a death benefit?
The Common Belief: People assume the only purpose of a life insurance policy is to replace a lost income if the policyholder passes away.
The Tangible Truth: While income replacement is a key function, many policies offer powerful protection you can use while you're still alive. Think of it like a car's advanced safety features. Just as a car’s airbags and stability control protect you in a crash, living benefit riders can provide access to a portion of the death benefit to cover expenses for a critical or chronic illness.
How It Affects You: This means your policy can act as a financial safety net not just for your family after you're gone, but for you during a major health crisis. We can explore 'hybrid' policies and smart ways to cover long-term care costs in Life insurance for older people here

Question 6: Can life insurance be a source of income or a tax strategy?
The Common Belief: Most people are unaware that a policy can be a tax-advantaged financial tool.
The Tangible Truth: The cash value of permanent policies grows on a tax-deferred basis, and you can access that value through tax-free loans or withdrawals. This is similar to a car with amazing resale value that you can confidently use as collateral.
How It Affects You: Your policy can serve as a flexible financial tool for major life events, a tax-efficient way to grow wealth, and a means to leave a tax-free inheritance to your loved ones. Let's dive into how does life insurance work together here to explore how to construct your financial blueprint.

Question 7: Shouldn't I just buy a policy and forget about it?
The Common Belief: Once you purchase a life insurance policy, many people assume it's set in stone and you never need to look at it again.
The Tangible Truth: This is a major pitfall. A life insurance policy is a living document that needs to be reviewed and updated after major life events, such as marriage, divorce, the birth of a child, or a significant change in your financial situation. Not updating beneficiaries can cause huge problems down the road.
How It Affects You: Reviewing your policy ensures it continues to meet your needs and that the proceeds will go exactly where you intend them to. My process includes regular reviews to make sure your financial protection stays current with your life.

Question 8: Is the buying process still confusing and difficult?
The Common Belief: The process of buying life insurance is seen as intimidating, complicated, and overwhelming.
The Tangible Truth: The process has become much simpler thanks to modern technology and policies that don't even require a medical exam. You don't need to be a mechanic to get the best car; you just need the right expert to guide you.
How It Affects You: I guide you through the entire process, simplifying the complexities and helping you avoid pitfalls. My job is to make it easy to find and secure the right policy for you.

Answers to Your Common Life Insurance Questions and Next Steps

Hopefully this answers some of your most pressing and common life insurance questions. Ready to explore a policy that goes beyond the basics? Life insurance can be a powerful and flexible tool for your financial future. Let's find a policy that is not only affordable, but also tailored to your unique goals. Contact me today to schedule a complimentary consultation.

Customized Life and Health Insurance Solutions to Meet Your Unique Needs. Located in Salt lake City, Utah