Starting a family is an exciting new chapter of your life, but one that also comes with new responsibilities, like making sure your loved ones are financially secure no matter what happens. That’s where term life insurance—and the Low Cost Life Insurance team!—come in.
If you’ve ever had the thought, “But I’m young and healthy. Do I really need life insurance?”—the answer is yes. Life insurance is built for the unexpected to happen.
Continue reading to learn why term life insurance is so important for young families (and that it’s probably more affordable than you think).
1. It’s an Affordable Way to Protect Your Family
When you’re budgeting for things like diapers and daycare, adding one more thing can feel like the end of the world. The good news, though, is that term life insurance is one of the most budget-friendly options for financial coverage. A healthy, non-smoking 30-year-old male can typically purchase a $500,000 30 year level premium policy for as little as $30 per month.
2. Your Income Provides for Your Family
Your family depends on your income for housing, groceries and more. If something were to happen to you today, would they be taken care of? A term life insurance policy ensures that if the unexpected were to happen, your loved ones would still be able to handle their everyday expenses without additional financial stress.
3. It Covers Big Expenses Like Your Mortgage or Student Loans
Buying a home is a big deal for a young family. If you or your partner passed away unexpectedly, would the surviving partner be able to cover your mortgage alone? Term life insurance can help pay off major debts like your mortgage, student loans, car payments and more.
4. Kids Are Expensive—Term Life Helps Cover Future Costs
The USDA estimates it costs over $230,000 to raise a child to age 18 (and that’s not including college tuition!). Term life insurance helps ensure that, no matter what happens, your children will have the financial support they need.
5. It’s Easy to Get
If the idea of getting life insurance makes you think of piles of paperwork and medical exams, think again. Applying for term life insurance today is easier than ever.
Many companies (including us!) offer:
- Fast, online applications
- No medical exam policies for up to $2,000,000 in coverage (for qualifying applicants)
- Flexible term lengths ranging from 10-40 years (so you only pay for what you need)
That means you can secure your family’s future in just a few minutes.
Bottom Line: Protect Your Family, Stress Less
Life can be unpredictable, but your family’s financial future doesn’t have to be. Term life insurance is an easy, affordable way to ensure your loved ones are taken care of without breaking the bank.
Whether you just got married, bought a home, or welcomed a new baby, now is the perfect time to get covered. Ready to get started? See how affordable term life insurance can be for your family today!
