Affordable Life Insurance Protection for Your Family
How to Find Cheap Life Insurance for Your Family
Affordable family life insurance protection provides your family with the financial security they need at a price that fits your budget.
You’re married, you’ve started a family, and you have goals for your family's future.
But, what if something happened to you?
Who would pay the mortgage on your family’s home? How would your kids be able to afford a college education? Who would pay the monthly bills? Your spouse may need to get a job, or even take a second job. There would probably be childcare costs, in addition to the loss of your income. How would your family maintain their lifestyle.
You may have some life insurance from your job. It’s usually equal to one or two times your annual salary. That may seem like it’s enough, but many financial advisors recommend you carry between 7-10 times your annual salary.
And, what happens if you quit, leave your job, or you get fired? You would need to buy your own individual life insurance, and what if you have a health condition, or couldn’t afford your own plan?
These situations happen. It’s not meant to scare you, only to make you aware. Even though you have credit card bills, mortgage payments, and other expenses – life insurance can provide financial security for your family for years to come.
Term insurance is a very affordable way to provide up to one million dollars (or more) of financial protection for the ones you love. You can even add additional coverage (life insurance riders) for your spouse and children to your own individual life policy.
The way to find the cheapest life insurance coverage for your family is to compare prices from among several top-rated life insurance carriers.
But, before you request your free premium quotes, consider the following:
What is the Financial Strength Rating of the Insurer?
The higher the rating, the more financial secure the insurer. When you request your life insurance quotes they provide the financial ratings of the insurers quoted.
Does Your Policy Pricing Stay the Same Each Year for the Entire Policy Term?
Level term life insurance plans have premiums that remain the same each year for the entire life of your policy.
How Many Years Do You Need Coverage to Last?
Term life offers low cost options of 10, 15, 20 or 30 years of life insurance protection.
How Much Life Insurance Do You Really Need?
It is usually recommended that 7 to 10 times your annual salary may meet your family's needs.
However, to make sure, you may want to use our life insurance calculator to find out how much coverage you really need.
Life Insurance for Family Members
Make sure to consider purchasing life insurance policies for you and your spouse. If one of you passed away, it would be difficult to provide the funds needed to replace your income, or all of the work performed by a stay-at-home parent.
You can add a child rider to your own life insurance policy to provide low cost life insurance protection for your children. Or, you could purchase a separate child life insurance plan for each of your kids.
How to Save on Life Insurance
Here is a list of helpful tips to save you more money on your term life insurance.
Tips for Comparing Pricing:
Tips to Save Money:
Life Insurance Quotes
Top Pick – JRC Insurance Group
JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote.