Do you think your employer-provided policy is enough? Or that life insurance is only for older adults? These are some of the most common life insurance myths, and believing them can leave your family financially exposed. In this blog, we’ll break down the misconceptions and show how the right coverage makes all the difference.

Myth 1: Life Insurance Is Only for Older Adults

Many people delay purchasing life insurance under the assumption that it is only necessary later in life. Life insurance is often most cost-effective when purchased at a younger age, when health risks are lower. Securing a policy early allows you to lock in lower premiums while ensuring your family is protected during the years when financial responsibilities (such as a mortgage, childcare, and education costs) are at their highest.

Myth 2: Employer-Provided Life Insurance Is Enough

Employer benefits can be helpful, but relying solely on work-provided life insurance is a risky move. These policies often cover only one or two times your annual salary — far less than most families would need if the unexpected happened. Even more concerning, coverage usually ends if you leave your job. Having your own policy ensures consistent, portable protection that stays with you no matter where your career takes you.

Myth 3: Stay-at-Home Parents Don’t Need Life Insurance

It’s easy to underestimate the financial value of a stay-at-home parent, but if something happened to them, the cost of childcare, household management, and daily support could quickly add up. Life insurance for a stay-at-home parent helps cover those expenses, giving the surviving spouse and family the financial stability to adjust.

Learn more in our blog, How to Choose the Best Life Insurance Policy for Your Family.

Myth 4: Single People Don’t Need Life Insurance

Even if you don’t have a spouse or children, life insurance can still play an important role. It can help cover funeral expenses, pay off debts, or provide for family members who may rely on you financially. Additionally, starting a policy when you’re young and healthy allows you to lock in lower rates for the future.

At the Safeside Insurance Agency, we help families in Massachusetts cut through the life insurance myths and understand how coverage works. Whether you’re looking for affordable term coverage, permanent policies with long-term benefits, or simply guidance on how much protection you need, we’ll make sure you have the Right Insurance for the Right Price. Contact us today or request a quote to get started.