5 Myths That Could Have You Walking a Financial Tightrope Without a Safety Net

Life insurance is a mystery to most people, but it's an important part of your financial picture, so don't let these common misbeliefs stop you from protecting yourself.

(Image credit: Sean Gladwell)

Eight of 10 Americans believe their family is their most valuable asset, but only 41% are protecting their family against the unexpected with an individual life insurance policy, according to a recent survey by Edward Jones and nonprofit consumer-education organization Life Happens. What’s more, one-quarter of respondents reported that their biggest worry is leaving loved ones with unexpected financial burdens if they were unable to work or die prematurely.

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Scott Thoma, CFA, CFP®
Principal, Client Needs Research, Edward Jones

Scott Thoma is a principal at Edward Jones responsible for the Strategy team, which includes Investment Strategy and Client Needs Research. Thoma focuses on developing the firm's advice and guidance based on clients' needs, including the guidance for clients preparing for and living in retirement. He is also co-chair of the firm's Investment Policy Committee.