Fact: Many people overestimate the cost of life insurance. In reality, there are affordable options like term life insurance. The cost can be surprisingly low, especially for individuals who are young and healthy.

Fact: There's a common misconception that life insurance is only for older people. However, purchasing life insurance at a younger age can be more cost-effective. It’s also a wise decision for those who have dependents or significant debts that could burden others if they pass away unexpectedly.

Fact: Even if you're single, life insurance can be important. It can cover debts, funeral expenses, and provide financial support to aging parents or siblings. Moreover, buying it when you're young and healthy locks in a lower rate.

Fact: While having life insurance through work is a great benefit, it’s often not enough. These policies usually offer lower coverage and are not portable if you change jobs. Relying solely on work-provided life insurance can leave gaps in your coverage.

Fact: With technological advancements and streamlined processes, getting life insurance is easier and faster than ever. Many insurers offer online applications and quick turnaround times. Some policies don’t even require a medical exam, simplifying the process further.