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Article Name :
MYTHS HELD BY OF LIFE INSURANCE POLICY-HOLDERS
Author Name :
Sagi Rajkumar Varma
Publisher :
Ashok Yakkaldevi
Article Series No. :
ROR-756
Article :
Author Profile
Abstract :
Life insurance is a tool that can be used to reduce risk of human life. It ensures that family will receive financial support in absence of earning member in the family. Therefore life insurance is essential factor for family protection. Life Insurance is well-known by people, nevertheless many peoples try to skip from life insurance because of myths they held concerning need for life insurance. There are many myths that are associated with the insurance world, including life insurance myths, life insurance company myths and life insurance agent/advisor myths. Myths lead to confusion in the minds of insured, insurer and ultimately, the middlemen between the two, the advisor/ agent. This paper discusses various myths related to life insurance.
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