972-529-9300 | [email protected]
Gant Insurance Gant Insurance
  • Home
  • Personal
    • Auto
    • Homeowners
    • Umbrella
    • Motorcycle
    • Personal Quote
  • Business
    • Commercial Auto
    • General Liability
    • Commercial Property
    • Business Owners
  • Life
  • Health
  • Carriers & Claims
  • Become An Agent
  • About Us
  • Blog
  • Contact Us
    • Write A Review
Gant Insurance Gant Insurance
  • Home
  • Personal
    • Auto
    • Homeowners
    • Umbrella
    • Motorcycle
    • Personal Quote
  • Business
    • Commercial Auto
    • General Liability
    • Commercial Property
    • Business Owners
  • Life
  • Health
  • Carriers & Claims
  • Become An Agent
  • About Us
  • Blog
  • Contact Us
    • Write A Review
Nov 11

Life Insurance: Facts and Myths

  • November 11, 2013
  • News & Updates

Life insurance protects you and your family after your death. The benefit from a policy can cover your funeral expenses, debts and provide income for surviving family members if you were the primary earner. A lot of confusion and myths abound about life insurance.

Myth: Single, Child-Free People Don’t Need Life Insurance

One of the more detrimental myths about life insurance concerns who needs a policy. If you have children and a spouse, you definitely need a plan. But, people without kids and a spouse also benefit from having a policy, especially if they have debts such as private student loans or credit card debt.

Fact: Death Benefits Aren’t Taxed

Concern about your survivors having to pay taxes on the benefit after your death might keep you from getting a policy. But, in almost every instance, death benefits from a policy aren’t taxed.

Myth: Your Employer Will Always Offer a Policy

You might think that you can skip getting your own plan because your employer will offer one. That’s not always the case. Even if your employer does have a group policy, it might not offer sufficient coverage for your needs, meaning you’ll have to purchase a supplemental plan.

Learn more about life insurance plans available in McKinney, Texas. Contact Gant Insurance Agency today.

  • Facebook
  • Twitter
  • Tumblr
  • Pinterest
  • Google+
  • LinkedIn
  • E-Mail

Related Posts

    Comments are closed.

    Enter your email address:

    Recent Posts

    • 6 Reasons to Purchase a Short-Term Health Insurance Plan
    • Why Do You Need a Motorcycle Safety Course This Summer?
    • Best Ways to Stay Financially Fit This Summer

    Archives

    Categories

    Contact Us Tap To Call

    GANT INSURANCE

    The Gant Insurance Agency, Inc is a family owned Texas Insurance agency located in the heart of McKinney, Texas. Since 1987, the Gant family has provided affordable insurance products to North Texas.

    Learn More

    Contact Info

    2411 Virginia Pkwy #5 McKinney, TX 75071 Phone: 972-529-9300 Fax: 972-529-9319 E-Mail: [email protected]

    WRITE A REVIEW

    Recent Posts

    • 6 Reasons to Purchase a Short-Term Health Insurance Plan
    • Why Do You Need a Motorcycle Safety Course This Summer?
    • Best Ways to Stay Financially Fit This Summer

    Search Gant

    Gant Insurance © 2022 All Rights Reserved | Insurance Marketing Powered By Stratosphere