Um 18 Uhr geht's los: Jahresendrally - auf welche Aktien sollten Sie setzen? Jetzt kostenlos anmelden!
23.09.2021 17:53

5 Life Insurance Myths Busted


ERIE, Pa., Sept. 23, 2021 /PRNewswire/ -- Life insurance. It's something that most people need, but a topic that no one wants to discuss, leading to many misconceptions.

This Life Insurance Awareness Month, Erie Insurance wants to make sure you know the facts on why life insurance is important for you and your family. (Even if you don't have a family.)

To help you make sense of it all this National Life Insurance Awareness Month, Erie Insurance debunks five common myths.

  • I'm single; I don't need life insurance. Most people think life insurance is more necessary for married people than for singles. But even if you're single and don't have children, you may still leave behind loved ones who would have to pay your debts. For example, if you have a cosigner on a loan, he or she would be responsible to pay it back. Life insurance can provide peace of mind by potentially paying off any remaining debt. Or, if you want to leave money to a charity, life insurance can help ensure your wishes are carried out.
  • It's too expensive. Cost is one of the top reasons people don't purchase life insurance. According to the Insurance Barometer Study, 66% of respondents said it's too expensive. The same consumers overestimated the price by more than three times the actual cost. With Erie Family Life, a $250,000 life insurance policy could cost less than $15 a month. Millennials can get an even bigger break by purchasing while they're still young. Premiums are typically less expensive since they're generally healthier and have fewer assets.
  • My employer provides life insurance; I don't need my own. While it's great to have coverage through an employer, it often isn't enough. Plus, if you take another job, your policy may not be transferable.
  • I'm a stay-at-home parent. If you're not the breadwinner in your household, you may think your family doesn't depend on your income. Regardless of whether it's a mom or a dad, stay-at-home parents add to a family's bottom line in a big way. In addition to footing the bill for the mortgage, car and credit card and funding any college and retirement funds, the surviving spouse will likely need to pay for more childcare, buy more prepared meals and hire more household help. Luckily, even a small amount of life insurance can help in these sorts of situations—so no excuses about not being able to buy a big policy.
  • I don't have the time to research this or sign up. Your Erie Insurance agent can quickly walk you through the process to identify what you need and your options, as well as explain the terms. Think of your agent as a trusted partner who will keep an eye on how your policy is keeping up with your life. Plus, the application is quick and some don't require doctor's visits or complicated forms.
  • Bottom line: most people could benefit from life insurance, but it's not a one-size-fits-all scenario. The amount needed really depends on individual circumstances. To protect those who matter most, check with your Erie Insurance agent to make sure you get the right coverage.

    About Erie Insurance
    According to A.M. Best Company, Erie Insurance Group, based in Erie, Pennsylvania, is the 12th largest homeowners insurer, 13th largest automobile insurer and 13th largest commercial lines insurer in the United States based on direct premiums written. Founded in 1925, Erie Insurance is a Fortune 500 company and the 16th largest property/casualty insurer in the United States based on total lines net premium written. Rated A+ (Superior) by A.M. Best, ERIE has more than 6 million policies in force and operates in 12 states and the District of Columbia. News releases and more information are available on ERIE's website at

    Erie Insurance. (PRNewsFoto/Erie Insurance) (PRNewsfoto/Erie Insurance)

    Cision View original content to download multimedia:

    SOURCE Erie Insurance Group

    Nachrichten zu Erie Indemnity Co.

    • Relevant
    • Alle
    • vom Unternehmen
    • Peer Group
    • ?

    Um Ihnen die Übersicht über die große Anzahl an Nachrichten, die jeden Tag für ein Unternehmen erscheinen, etwas zu erleichtern, haben wir den Nachrichtenfeed in folgende Kategorien aufgeteilt:

    Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen

    Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen

    vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden

    Peer Group: Nachrichten von Unternehmen, die zur Peer Group gehören

    Analysen zu Erie Indemnity Co.

    • Alle
    • Buy
    • Hold
    • Sell
    • ?
    Keine Analysen gefunden.
    mehr Analysen

    Um 18 Uhr live: Jahresendrally - auf welche Aktien sollten Sie setzen?

    Trotz eines vergleichsweise schwachen Marktes rechnen Experten mit einer intensiven Jahresendrally. Die Frage aller Fragen ist nun: Wer sind die Favoriten für 2022? Im Onine-Seminar heute ab 18 Uhr geben Ihnen Jürgen Schmitt und Mick Knauff einen exklusiven Ausblick.
    Jetzt noch kostenlos anmelden!

    Meistgelesene Erie Indemnity News

    Keine Nachrichten gefunden.
    Weitere Erie Indemnity News
    Börse Stuttgart Anlegerclub

    Erie Indemnity Peer Group News

    Keine Nachrichten gefunden.

    Heute im Fokus

    DAX an Nulllinie -- Asiens Börsen in Grün -- SEC entlastet GameStop-Shortseller -- Software AG senkt Ausblick für Digital -- Delivery Hero steigt bei Gorillas ein -- BHP im Fokus

    Ericsson setzt weniger um als erwartet - Operativer Gewinn überrascht positiv. Danone kann Drittquartalsumsatz steigern und bestätigt Jahresprognose. USA überarbeiten Sanktionspolitik - Risiko durch Bitcoin & Co. Apple will mit neuen M1-Chips PC-Markt aufrollen. TeamViewer-Aktie unter Druck: Keine positive Wende bei TeamViewer.


    Wo steht der DAX zum Jahresende? zero zero



    Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
    Zur klassischen Ansicht wechseln