Myth #1: I don’t need life insurance because I’m single and have no dependents.
Fact: Everyone leaves behind expenses when they die. In addition to funeral costs, there may be medical bills and personal debts that have to be paid. While your estate could be liquidated to cover some of these costs, it takes time and may not be enough. Life insurance relieves the financial burden of your death on your family or executor by creating instant tax-free cash.
Myth #2: I have enough life insurance through my employee benefits.
Fact: Most employee life insurance benefits are designed to provide . . . [more]