Affordable Life Insurance Protection for Your Family
Learn About the Benefits of Life Insurance
Why Use Life Insurance Coverage?
If you’re considering the purchase of life insurance you may be wondering why people like you buy life insurance protection.
There are many good reasons to purchase a life insurance plan. Life insurance can provide financial security for those who are dependent on you for financial support.
It can also provide you with Peace of Mind knowing your family will be able to pay their bills and not suffer financial distress should you pass away.
However, the main reason is because life insurance is an affordable way to meet your family’s need for financial security in case you are no longer there to provide for them.
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Top Reasons People Use Life Insurance
Why You Should Buy Life Insurance Now Instead of Waiting
Reasons to Buy a Term Life Insurance Policy
The death benefits received by your family from your life insurance policy or policies can be used for any purpose.
And, the death benefits are paid out free from federal income taxes. Your loved ones you designate as beneficiaries may choose to receive a lump sum payment, or monthly checks upon your passing.
The idea of life insurance is much easier to understand than you might expect. Basically, it’s a contract between you and the life insurance company.
You agree to pay a premium (monthly or annually), and in return for your premium payments the life insurance carrier agrees to pay your beneficiary a death benefit if you should die while you are covered by your life insurance policy.
In addition, premiums for life insurance are much more affordable than you may expect, as most people over-estimate the cost of life insurance by 200% to 300%.
Term life insurance offers the lowest prices on life insurance protection for a period of up to 30 years. With term life you pay a level premium each year and you get life insurance protection for a set number of years, which is referred to as the "term" of your policy.
Most term life plans offer coverage for a term of 10, 15, 20 or 30 years.
Life Insurance Quotes
Top Pick – JRC Insurance Group
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Highly Recommended – Globe Life Insurance
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