Navigating the world of insurance can be tricky, often clouded by common assumptions that lead to costly mistakes or missed opportunities.
From believing ‘all policies are the same’ to thinking ‘I’m too young to need coverage,’ these misconceptions can significantly impact your financial security.
Also read: It’s Not Enough to Just Save; You Need to Save Smart and Invest
In this guide, we’ll outline 7 of the most prevalent assumptions about insurance, providing clarity and empowering you to make informed decisions for your future.
1️⃣ It’s expensive
2️⃣ It’s complicated
3️⃣ It’s a waste of money
4️⃣ It’s only for the elderly
5️⃣ It’s only for the wealthy
6️⃣ It’s only for extraordinary events
7️⃣ It’s only for those with dependents
