Insurance agent

I Finally Talked to a Life Insurance Agent...And You Won't Believe What Happened Next!

Ever wondered if life insurance is worth it? My chat with an agent left me spinning with insights and surprises! #LifeInsurance #Adulting

Welcome to Skimm Tested, a series where Jana Pollack and Elizabeth Smith put products and services to the test and give you their honest opinion. This time, they have finally scheduled a call with a life insurance agent, and the experience is packed with surprising insights.

First things first, who knew that talking about life insurance could be so... enlightening? Right off the bat, the agent dove into various plans, breaking down terms like whole life, term life, and even the mysteriously named 'universal life.' It felt like a crash course in financial planning and adulting 101!

But here's where it gets interesting: within minutes, misconceptions started unraveling faster than you can say 'policy.' Did you know that not all life insurance policies are overwhelmingly expensive? Or that some policies can even serve as investment tools? Mind-blown. Plus, understanding the huge difference between beneficiaries and contingents might just be the knowledge nugget you never knew you needed.

Let's not ignore the delightful yet unexpected anecdotes from the agent's experiences. One story involved a policyholder who benefitted from their plan in the most unusual way – by starting a gourmet cupcake business with the cash value accrued! Talk about life (insurance) serving you lemons and making lemonade... or in this case, cupcakes.

Now, here’s a fun fact: Less than 60% of Americans actually have life insurance, and many overestimate the cost by nearly three times! Shocking, right? Another noteworthy piece of info: Some policies offer living benefits that let you access funds in case of a critical illness. Adulting isn't so daunting when you know your options!

So, whether you're looking into life insurance for the first time or a seasoned policyholder, remember that chatting with an expert can debunk myths and offer some surprising, life-altering insights.