Myth: Life Insurance is only for families with children.
Reality: Many people don’t know about the living benefits of life insurance, so they assume that it is only useful for its death benefit. Sure, those with children, a spouse or extended family to put as there beneficiary will appreciate death protection. However, regardless of your stage in life, permanent life insurance provides a living benefit that will help you meet life goals and only grow over time. Obtaining a policy at a young age can be beneficial because you are most likely healthier and will have better rates. You will also have more time to build your cash value throughout your lifetime.