![Insurance has always been a reactive industry because the compensation is provided only if an unfortunate event takes place. Photo: Getty Images](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/GPTYA27DYBCYPECQBJ2V7EPXJ4.jpg?smart=true&auth=7f80c647478c5e2557432f714b0e75c58c7163e80cb9263cb4a0f4628a33373a&width=400&height=225)
Insurance has always been a reactive industry because the compensation is provided only if an unfortunate event takes place. Photo: Getty Images
Insurance has always been a reactive industry because the compensation is provided only if an unfortunate event takes place. Photo: Getty Images
7 common myths about life insurance debunked
The decision to buy life cover is often met with hesitation, confusion and denial