Monday, March 4, 2024
Homelife insuranceThe 4 Most Common Life Insurance Mistakes

The 4 Most Common Life Insurance Mistakes

Getting life insurance is a financial rite of passage, especially if you have a family that counts on your income. But it can be hard to understand what your policy covers, what the full benefits are and how they pay out. Many people feel overwhelmed when it comes to life insurance. According to an October 2023 survey by insurance comparison website Insuranks, 29% of millennials say they haven’t bought life insurance yet because they’re put off by its complexity. CNBC Select spoke with William Bevins, a certified financial planner with Cypress Capital, to help you avoid some of the most frequent mistakes people make with life insurance.
What we’ll cover
Waiting too long to get a policy
One of the biggest errors Bevins sees people make is people delaying getting insurance.

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