Affordable Life Insurance Protection for Your Family
Are You a Housewife Considering The Purchase of Life Insurance?
If so, there are several things you may want to take into consideration before selecting your life insurance plan.
Some of the most important factors to consider would include the following:
Is Your Husband Considering the Purchase of Life Insurance on You?
Many husbands choose to purchase life insurance on their wives for the following reasons:
Why Do Housewives Need Life Insurance?
Yes. No matter what you may have thought prior to arriving here today, a housewife’s efforts are worth so much more to their family than you might expect.
Just imagine fir a moment, how much it would cost your spouse to hire someone to do all of the things you do for your family. That’s right, everything.
Now, when you add it up, it may take upwards of 30-40 hours per week, minimum, and you would likely have to pay someone $15-$20 an hour, or more, to do that work.
So, we may be talking $600 or more per week, which adds up to over $30,000 per year to replace you as a housewife.
Now, how much life insurance do you need just to replace your efforts – $30,000 X 15 years = $450,000? If you need life insurance for a duration of 15 years, until the kids are grown, then you can see how it adds up quickly.
Just make sure not to under-estimate your financial impact on your family.
Why Do Housewives Need Life Insurance on Their Spouse?
You may also want to make sure you have life insurance on your spouse, who may be the bread-winner that financially supports your family.
Make sure you have enough life insurance on your spouse so that if he/she were to pass away, your family would be financially secure, and able to maintain their lifestyle, pay the monthly bills, and have a secure future provided by the payout from your spouse’s life insurance policy.
What is Term Life Insurance?
Term life is a type of life insurance policy that provides you with affordable, temporary protection.
Term life is temporary, meaning it lasts for a specific period of time, usually up to thirty years.
You may be able to choose a "Policy Term" of 10, 15, 20, 25 or 30 years, to meet your specific needs.
For example, if your youngest child is 3 years old, you may want term life for a term lasting 20 years, until your youngest is out of the house and self-supporting.
If you pass away during your policy term, the death benefit is paid out to your beneficiary.
If you are alive when the policy term expires, there is no payout of any benefits.
Is Term Life Insurance Right for You?
If you need life insurance that will last for 30 years or less, and want the most affordable protection for your money, then term insurance is right for you.
Buying Term Life Insurance
It’s actually, very simple. Just Choose:
How Much Life Insurance to Buy
You’ll want to use a life insurance needs calculator to assist you in deciding how much coverage you need.
It’s really simple. Just answer some basic questions about your income, assets, debt, liabilities, etc. Then, just click on a button to instantly see how much life insurance you need based on your situation and goals.
Here’s a term life insurance needs calculator to help you get started now.
Can You Buy Term Life Insurance without Taking a Health Exam?
Yes. If you meet the age and health requirements for approval, you may purchase instant issue term life insurance online today with no health exam needed.
Usually, these plans are available for healthy individuals between the ages of 20 to 60 years old.
How to Compare Term Life Insurance Prices
If you want to shop and compare the most affordable pricing available on term life insurance policies, it only takes about a minute.
With JRC you just fill out a short Quote Request Form and click on a button to instantly see the lowest prices available from a network of more than 45 of the leading life insurance companies in the U.S.A.
Term 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.
Highly Recommended – Haven Life Insurance Agency
Haven Life uses the information provided in your application to make an instant decision on your application. Healthy, qualified applicants (based on the information provided in your life insurance application) can be insured immediately with no medical exam while other applicants can receive immediate coverage pending a medical exam.
Applicants age 60-64 are eligible to apply for up to $1 million in coverage; subject to underwriting approval.
Some qualified applicants (U.S. citizens up to the age of 59) will be able to finalize coverage without the need for a medical exam. The majority of applicants are still required to take a medical exam.
Keep in mind: Issuance of the policy or payment of benefits may depend upon the answers given in the application and the truthfulness thereof.