Insurance Myths

[HomeService]

yeah, I never heard of a controversy about children's life, however, I do remember when I lived in NY there was a law that stated a kid could not have more than the parents- or it was some sort of percentage of the parents' insurance or something like that...

 

[1manshow]

selling car insurance a common myth we hear is "the accident was not my fault, "it was the weather, the weather was terrible" Allllllrighty then....so it's God's fault ?



also, insurance men are hung like field mice... not true

 

[Mark]

I will just wait until somethings goes wrong and then buy the insurance.

Example, My doctor just told me that I need an operation, and now I need to buy some health insurance.

A lot of clients think they can get insurance at anytime they want to.

 

[360]

Greatest life insurance myth...that the WL Kool-aid tastes good and makes you sleep like a baby.

 

[cdpowell]

Lets not forget the myth that group health insurance plans are cheaper than individual plans. Almost the whole public believes this.

 

[Frank Stastny]

Hmm, the controversy looms....

There are some expenses if a child dies, I don't think anyone objects to this. My point to the parents is they will probably take some time off work as well, and need to cover this loss of income.

Add in the fact it's the best time to buy some permanent insurance for a person, while there is no medical issues.

Now, cap it at about $100,000, not exceeding the amount the parents have (there are reasons to have more than this, but they are a bit rare).

Gerber makes a business out of selling these policies.

The best reason, in my opinion, to buy life insurance on a child is if something would happen to them that would prevent them from buying life insurance later in life.

I have a cousin who the doctors discovered had a heart murmur at age 12. Later in life when he tried to apply for life insurance he was turned down. Had his parents taken a policy on him at a younger age he would have a lot more life insurance than he does now.

 

[Newby]

Lets not forget the myth that group health insurance plans are cheaper than individual plans. Almost the whole public believes this.

Yes! That's a common one.

 

[djs]

Lets not forget the myth that group health insurance plans are cheaper than individual plans. Almost the whole public believes this.

Depends who is paying.... To the employee they are far cheaper. Never forget perspective!

Dan

 

[LaffAgent]

Myth # 1 - Life insurance is a good investment
Myth # 2 - Life insurance is a lousy investment

 

[Guest]

I think we should add the myth that some people think they'll be fine getting insurance on their own without utilizing an agent, and when they realize an HSA/HDHP isn't what they expected after finding out that they do not have a co pay . . .