October 1

Do I need Life Insurance

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Many people choose to forego life insurance, either because they don’t think they need it or because they don’t want to spend the money on it. But life insurance is one of those things that you hope you never have to use – kind of like car insurance. You pay for it month after month, year after year, but fingers crossed, you never have to actually use it. That’s what makes it such a valuable safety net to have in place.
And while you may feel like you don’t need life insurance now, that could change in an instant if you got married, had children, or bought a home. In any of those cases, your loved ones would be financially devastated if something happened to you and you didn’t have life insurance in place.

How Life Insurance Works

Life insurance is pretty simple – you pay premiums every month, and if something happens to you, your beneficiary receives a death benefit. The death benefit is the payout that your beneficiaries receive if you die while the policy is in effect.
Most people choose term life insurance, which is a policy that lasts for a set number of years – usually 10-30 years. Term life insurance is the most affordable option, which is why it’s so popular.
However, some people choose whole life insurance, which is a policy that lasts your entire life. Whole life insurance is more expensive than term life insurance, but it also has some additional benefits – like building cash value over time that you can borrow against or cash out if you need to.
No one likes thinking about their own death – but it’s important to consider what would happen to your loved ones if something happened to you. If you don’t have life insurance and something happens to you, your family could be left with a huge financial burden – and no one wants that.
So, take some time to think about whether or not life insurance makes sense for you and your family. It could be the best decision you ever make.
Click on the Quick Quote Button to see how affordable Life Insurance Really is


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