Life insurance is sadly for many an option that was never taken out. When there partner/spouse dies they are left carrying the can. Not only do they have funeral expenses, but for many car loans and credit card debits lead to debt problems that for some are insurmountable. Do not leave your loved ones with debt, sadly many people do.
Term life insurance is an inexpensive way to cover your family in the vent of your death. It provides a lump sum on your death. It does not accrue any value and hence is not worth anything at the end of the term. But for the cost versus benefit comparison it is excellent value for money.
How would you feel if your loved one passed away and you were left raising a family, with debts and bills to pay as well as mouths to feed. Not a very pleasant scenario.
By taking out inexpensive coverage for the period of time of your choice, you can ensure there are no gaps in your chiders education. There are no empty stomachs at dinner and that your partner / spouse does not have to worry about where the next cheque is coming from and how to pay for the funeral expenses.
Is it expensive? Well no it is surprisingly inexpensive. Take the challenge and see like many others are doing right now. Use the link below to get a quote based on your zip code and see how you can save up to 60 % based on other providers quotes. Make sure you obtain at least three quotes and compare the costs and benefits.
Don’t be afraid to tweak the amount of cover. By changing the amount of protection, you will be surprised at how little the premiums increase.
Have a look at options to pay the premium annually as this should also reduce the premium compared to the monthly cost
Sadly many of us will pass away this year. Will we all have provided for our families? Sadly not all of us will. Do not let this happen to you. Take the challenge and see how inexpensive term life insurance is.