Compare Term Life Insurance - The Only Way To Save Money
It's a popular saying that we'll never know what tomorrow holds until it happens. But what if you could make sure you have a little extra in retirement? For an affordable price, term life insurance can help make sure your family keeps going after you've gone. You might be surprised to learn that the average cost of term life insurance is over 19 times cheaper than the average premium of long-term, whole life insurance.
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Compare Term Life Insurance - The Only Way To Save Money!
There are so many things we don't know about until they happen... that old saying keeps popping up again and again. And possibly some of the more profound ideas I've shared in this blog over the past year or so haven't hit home yet... until last night I received a phone call. My sister-in-law told me that her brother, who has been in a nursing home for the past several years, was struck by a freak truck accident and was soon to be placed in hospice care. I could tell immediately that she was distraught and knew something was wrong. But what? She brought me up to speed on his situation: he had been getting sicker over the past few months. The family knew he might not make it through to Christmas (his birthday). But they didn't know how long he would survive. The nursing home staff made every effort to be sensitive and compassionate, but they have a job to do. Her brother had been in their care for almost 3 years now, surviving off some pretty basic bodily functions. Being placed in hospice care was really the last straw for her and her family. She wanted to talk about what might happen to the family finances after his death, or if he were to become incapacitated. She wanted to know if her brother had enough life insurance to cover his needs and the family's needs in the time before he dies. And that's where term life insurance comes into play.
The truth is, time is very important when it comes to a family's financial stability after the passing of a loved one. After all, there is a big difference between giving someone money "to ease their pain" and actually having the money in hand to help them as they need it. There are so many other special circumstances with long-term care (both for yourself or your loved ones), hospitals, doctors, medical specialists, etc., that it just doesn't make sense to take on another major financial commitment like life insurance. As time goes on, you or your family's financial circumstances may change. Life insurance is a flexible way to protect your loved ones during such difficult times. It can be a tangible, meaningful, and tangible way to honor the life of the loved one and to ensure that his or her goals are met after they pass away.
So there's just one thing standing in between you and low cost term life insurance:
You're Not Prepared
Compare Term Life Insurance - The Only Way To Save Money!
A lot of people out there are doing their best to make sure they don't live paycheck-to-paycheck... and it's working. They know there's no room for error when it comes to their family's financial future, and they're doing whatever they can to make sure their bank accounts are topped off. So what might be the only thing standing in the way of you getting low cost term life insurance? If you haven't taken a look at your finances and prepared your plan, then you might be in a situation where you can't afford low cost term life insurance... because you don't have it!
Another huge benefit of opting for low cost term life insurance is that there are so many qualifying factors. You don't have to be perfectly healthy or in the peak of your life. You might have health problems that disqualify you from other kinds of insurance, but you'll still qualify for term insurance. If you have any kind of medical condition at all, you can still get affordable life insurance for a period of time. And if that's not enough, there are plans available for people with disabilities and critical illnesses, as well.
There's so much to gain from low cost term life insurance that it almost seems foolish not to think about it. The majority of the population has no idea how much money they're spending on their everyday things like cable bills and clothing costs, let alone new car loans or credit card debts... And by taking a look at your finances and your future, you might be surprised to see that these things can be better managed with the right financial tools.
Long-Term Life Insurance vs. Term Life Insurance: How are they different?
Compare Term Life Insurance - The Only Way To Save Money!
Thinking about buying long-term life insurance? While long-term life insurance is a wonderful option for those with an abundance of wealth, there are many reasons why term life insurance could be more suitable. Start by comparing the differences between the two to help you determine which is right for you.
Long-term vs. Term life insurance, what's the point?
Compare Term Life Insurance - The Only Way To Save Money!
As a whole, long-term life insurance is not something most consumers are thinking about. Long term life insurance simply does not have the same connotation that term life insurance does. Whereas long term life insurances provides coverage for a specific period of time, term life insurances are available for any time period. The key difference between these two types is that long-term policies are designed to protect you from future financial ruin, while short-term policies tend to provide access to immediate funds to help the needs of your family during a medical emergency or unforeseen financial situation.
The emerging trend for many consumers in the United States is to invest in only term life insurance. The reason for this is simple. Term life insurance is by far the lowest cost form of life insurance. If people can get a good enough deal on their term, then why would they be interested in anything else? The first thing most people think about when shopping for new term coverages is how much coverage they're going to get at a price that fits their budget.
Comparing Term Life Insurance Plans
Compare Term Life Insurance - The Only Way To Save Money!
People have been buying term life insurance for decades. From the very first policies issued in 1915, people have been able to purchase coverage and provide financial protection for their family members with the addition of a term policy. This type of coverage can offer the following benefits:
Term Life Insurance: Can cover both medical expenses and accidental death protection. Most policies are designed to cover both medical issues and accidental death in order to protect you against existing health problems should you become involved in a serious accident or illness.
Conclusion:
For many consumers, term policies are the only type they will ever need. As with all life insurance policies, term policies can be structured to serve as a tax-friendly account that allows you to invest and use the cash in your policy as you see fit. Because this type of policy is extremely affordable, it is often used as a secondary or supplemental coverage policy for those who have accumulated enough wealth to consider protecting their family in case something happens.