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Life Insurance Myths: When Life Insurance Assumptions Deserve a Second Look
September 1, 2026
The reality: The value you bring to your household goes beyond a paycheck. Childcare, caregiving, managing the home, and the many other ways you support your family could be costly to replace.

Myth 1: “Life insurance only matters if I’m the primary breadwinner.”

The reality: The value you bring to your household goes beyond a paycheck. Childcare, caregiving, managing the home, and the many other ways you support your family could be costly to replace.

The reality: The value you bring to your household goes beyond a paycheck. Childcare, caregiving, managing the home, and the many other ways you support your family could be costly to replace.
The reality: Your savings can help cover immediate expenses, but using them to provide long‑term financial support could affect other important goals, such as retirement or a loved one’s education. Life insurance can offer an additional layer of protection.
The reality: Depending on your policy, you may be able to name other loved ones or eligible organizations as beneficiaries. An insurance professional can explain your options and help you make an informed choice based on your wishes.
The reality: Whether your coverage comes through work or an individual policy, it may not always keep pace with changes in your life. Changes such as getting married, buying a home, welcoming a child, changing careers, or changing employers can be a good reason to review your coverage and make sure it continues to meet your needs. Some workplace coverage may also change if your employment situation changes.
The reality: The cost of life insurance can varies based on factors such as your age, health, coverage amount, and type of policy. Learning about the options available to you can help you identify coverage that aligns with your needs and budget.
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