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Five common myths about life insurance

By Kirsten Hastings, 22 Aug 17

Having a good life insurance policy is an important component of long-term financial planning and the best financial protection clients can offer their loved ones. But a reluctance to talk mortality and pervasive myths mean that some people still are not covered, says Globaleye’s Tony Ashton.

Myth 3: Life insurance is too expensive
Gallery

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Myth 3: Life insurance is too expensive

Fact: This is a common misconception. Many life insurance options are actually very affordable.

On average, a healthy 40-year-old female non-drinker and non-smoker can purchase a $250,000 (£194,273, €212,671) life cover at a very reasonable cost.

Tags: Globaleye

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.