Have you been considering life insurance for your family? Now may be the perfect time to commit to a coverage plan. That’s because term life insurance rates are at a historic 20-year low.
If you’re on a strict budget but want to be prepared for the future, explore term life insurance as a good solution at a great price. With the right plan, you’ll have the opportunity to both provide insurance for your family and invest the money you save in a retirement or savings account.
Below, we give you 4 big advantages to choosing a term life insurance. Learn more about what this choice can mean for your family.
4 Reasons to Consider Term Life Insurance
1. It’s Straightforward – With Term Life Insurance, you only pay for the coverage you need. Because this type of insurance expires at a specified time, you’ll have coverage when your expenses are high and your loved ones depend on your income. If you pass away unexpectedly, your family will receive a lump sum that they can rely on. Calculate the amount you need (approximately 10x your income) with our insurance calculator!
2. It’s Affordable – Compared with Whole Life Insurance, Term Life Insurance is less expensive, since it offers protection for a predetermined amount of time. This option can help you free up money to save in a retirement account or use to pay down debt.
3. It’s Flexible – Flexibility is part of what makes Term Life Insurance so appealing. Coverage can vary from 10 to 40 years, and renewable terms are an option.
4. It’s Simple to Understand and Purchase – We can help you calculate the amount of coverage you need and the length of time you need your life insurance protection. Once you’ve made this decision, we will help you select the individual plan that works best for your family. The three things we look for in identifying the best policy for you are as follows:
– Lowest possible price.
– Policies underwritten by a financially solvent insurance company.
– The underwriting profile. Based on your individual underwriting profile and prior health history, we select the company/product we expect to have the lowest cost.
There’s no better time to prepare for your future, explore your options, and lock in a low rate. Let us help! Contact us directly at 877-794-TERM, or click here to request a free quote.