Life Insurance Myths
Learn the truth behind common life insurance myths.
by Christy McFarland
There's a lot to consider when it comes to life insurance. Aside from sifting through the different policy types and coverages, there’s also a misconception it's only meant to provide money to your loved ones if you passed away. While that might be the main purpose, whole life insurance is flexible and can provide a key benefit while you’re still alive.
How? Well, whole life insurance policies have a cash value that increases over time, and the cash value you accumulate is yours to spend if the need arises.1 So, whether you need it for an emergency fund or a substantial payment, your whole life policy can work for you while you’re still living.
Although whole life insurance is not an investment, a savings vehicle, or a retirement plan, the cash value from your policy can be used for a variety of needs and provide extra security for you and your family as you continue through life.
Life insurance will never be more affordable than it is today. Feel confident about your future - through all of life’s surprises - with a whole life insurance policy.
COUNTRY Financial® is the marketing name for the COUNTRY Financial family of affiliated companies (collectively, COUNTRY), which include COUNTRY Life Insurance Company®, COUNTRY Mutual Insurance Company®, and their respective subsidiaries, located in Bloomington, Illinois.
1 Policy loans and withdrawals decrease the cash value and death benefit of the policy and increase the likelihood the policy may lapse.
Whole Life Policy: ICC18(WL)
Life insurance policies issued by COUNTRY Life Insurance Company® and COUNTRY Investors Life Assurance Company®, Bloomington, IL.
Policies contain exclusions, limitations, reductions and benefits, and terms for keeping them in force. A licensed representative can provide costs and complete details.
The decision to purchase life insurance should be primarily based on a need for the death benefit. Policies are not an investment and are not appropriate as a replacement for retirement savings accumulation.