Life insurance is one of the least understood parts of financial planning. Millions of Americans do not have life insurance and those who have it are usually under-insured.  That lackadaisical attitude about insurance is just one of many myths about the life insurance industry.  Those myths include the misconception that life insurance is too expensive for the average person. Term life plans are cheaper than ever. There is a policy for every budget. Being truthful on your insurance application is another issue that is often misunderstood.  Applicants mistakenly think that not disclosing medical conditions on their insurance forms will be their secret. Full disclosure is the best policy.  Another myth is that people with chronic medical problems such as high cholesterol or diabetes are uninsurable.  Not true.  Get the truth here about life insurance coverage.