What Clients Often Misunderstand About Insurance—and How to Rethink It

Insurance plays an important role in financial planning, but it’s often misunderstood. Some clients approach insurance with skepticism—viewing it as unnecessary, expensive, or even confusing. These perceptions can prevent them from making informed decisions that support long-term goals. Understanding and addressing common misconceptions about insurance planning may help clients build a more complete strategy that protects what matters most.  Let’s explore five common misconceptions about insurance and how financial professionals can help clients think about coverage in a more balanced and strategic way.