Close this search box.

Are These Common Myths Preventing You From Securing Your Family’s Future?

With the cost of most goods and services on the rise, straining many household budgets, families are likely looking for ways to cut expenses. But it’s important to make wise decisions before cutting, as some expenses are worth more than they cost and can provide a lifetime of benefits.

Life insurance is one example. While often viewed as just a cost, life insurance is actually an investment in your family’s well-being. Unfortunately, too many people don’t have any life insurance or don’t have enough because they don’t have all the facts. That’s why Erie Insurance is working to debunk some of the more common myths that prevent families from having sufficient coverage.

1: It’s too expensive

Many people believe life insurance is a monthly payment comparable to a car or house payment. In reality, the average cost of life insurance (depending on individual situations) is $14 a month, according to Erie Insurance. Giving up one restaurant meal a month can help set your family up for financial stability for years. To roughly calculate how much life insurance would cost to cover your family’s needs, check out Erie Insurance’s Life Insurance Coverage Calculator.

2: Stay-at-home and single parents don’t need it

If you’re a stay-at-home or single parent, life insurance might seem like an unnecessary expense. Yet, if you or your spouse are gone, someone will need to provide childcare and cover other expenses for your children. Life insurance could take away the burden of figuring out how to afford childcare as you or someone else adjusts and assimilates to a huge life change.

3: It is only beneficial after you die

Although life insurance is typically used for after-death support, some policies allow you to tap into your benefits for certain reasons while you are alive. For example, with some terminal or chronic illnesses, your policy may pay out a certain amount to support medical expenses. With some policies, you can also use your life insurance to support long-term care. To learn more about pre-death life insurance benefits, contact your insurance agent.

4: My employer already covers me, so I’m set

Even though many employers offer life insurance plans, those plans tend to be limited in their coverage and options. Also, most employer-sponsored coverage disappears after you leave that job. Adding an additional policy allows you to have more security in the event you were to pass away. To calculate how much life insurance you need to sufficiently cover your loved ones, visit

5: I’m too young to worry about life insurance

When you are young, the last thing you want to do is think about death and dying. However, life insurance premiums tend to be cheaper the younger you are. Plus, having life insurance while paying off debts – especially if you have a cosigner – gives extra security to your cosigner in the unfortunate event you were to pass away.

Life insurance is designed to support your loved ones should something happen to you. Show them you really care about their long-term welfare. Talk to your agent today about adding a policy that fits your needs.


Gregg P Davis 1926-2024

Gregg was well known as an avid outdoorsman, a passion he developed as a boy who helped provide food during the Depression.

A Fred McCleaf 1923-2024

Mr. McCleaf served in the South Pacific with the United States Navy during World War II. He owned and operated A. Fred McCleaf Plumbing & Heating most of his life.

Daily Forecast, February 24, 2024

Franklin County Forecast: In the forecast for today, we are expecting light rain, with a high of 42.03°F and a low of 27.55°F. The humidity

Who We Are

The Franklin County Free Press, established by Vicky Taylor in 2019, emerged as a beacon of local journalism for the residents of Franklin County. Under Vicky's leadership, it quickly became an essential source of news, particularly at a time when major newspaper publications were increasingly overlooking local coverage.

On January 1, 2022, the torch was passed to Nathan Neil and his firm, Neil Publishing, LLC. Neil, a local entrepreneur with multiple thriving businesses in Chambersburg, shares Vicky's fervent commitment to both the community and the world of local journalism.

Rooted in the heart of Franklin County and powered by its residents, the Franklin County Free Press continues to bridge the gap, ensuring that the local stories, events, and issues that matter most to the community remain in the spotlight.