In our last blog, we started covering some common misconceptions about life insurance, and we will cover a few more this week. We covered the misconceptions about the cost, who needs life insurance, and if you need coverage beyond what a job may offer you. If you have not already read last week’s blog, we encourage you to do so to expand your understanding of life insurance. Security Insurance Group offers life insurance, and just about every other type of coverage you may need including auto, farm and ranch, as well as business. To learn even more about life insurance, keep reading.

How Old is Too Old to Buy Life Insurance

It is a common misconception that you can be too old to buy life insurance. People  in their 40s and 50s often think that it is too late to buy life insurance, but this is not true. People in their 60s and 70s, and even older, can still buy life insurance. It makes sense that the type of insurance that is available to different age groups and the cost that will be attached will vary with age, health conditions, and other factors. Yes, life insurance is going to be cheaper for younger people, but this doesn’t mean that you can’t get it or should not have coverage.

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How Sick is Too Sick for Life Insurance?

Most life insurance policies have a two year period where the insurance company can appeal a claim on this policy, but, in general, you can buy insurance if you are sick, you may just have to pay more than you would have before you got sick.

All Policies Are the Same

This is not true. Besides the fact that there are several main categories of policies, there are also many nuances depending on particular types. The best person to ask for help finding the best policy for your particular set of circumstances is an independent insurance agent, such as the one you’ll find at Security Insurance Group. The agents at Security Insurance Group don’t work for any insurance company, large or small; they work for you. They are highly trained and know the ins and outs of many policies and can find you just the right one.

When you need to sort out the myths and realities of life insurance to make sure your loved ones are cared for in the event of your death, call Security Insurance Group. We serve all of Northern Colorado, including Fort Collins, Loveland, and Greeley.