A Promise of Protection: Why You Need Term Life Insurance
Education and Careers Understanding how term life insurance offers an affordable means of protecting you and your family’s financial future.
If you’re considering buying life insurance, you’ve made a good decision for your family. Term life insurance is an affordable way to protect your family’s financial security. It replaces your income in the event of your death and ensures your dependents can support themselves financially in your absence.
In making your decision, remember what you’re really buying is peace of mind. It’s impossible to place a dollar figure on the feeling of knowing your family will be financially secure no matter what the future holds.
The Length of the Term Depends on How Long Your Dependents Need Your Income
If your spouse is your beneficiary, cover yourself until you plan to retire. If your children are your beneficiaries, protect them until they are at least 18, or until you expect them to finish college. To cover a mortgage, choose a policy that will be in place at least for the length of the loan. Depending on your age, you can purchase policies guaranteed for 10, 15, 20 or 30 years.
Buy More than You Think You Actually Need
Since term life insurance is affordable, now is not the time for a conservative investment. Your income will likely rise over the years, as will your expenses. While you can’t accurately project how much either of these will increase, you can have a cushion to ensure your dependents maintain their lifestyle.
Can I Get Life Insurance if I Have a Health Condition?
The younger you are and the better health you are in, the more affordable term life insurance is. But that doesn’t mean you’re out of luck if you’re older or have a health condition. It is possible for cancer survivors, diabetics or people who take medication for cholesterol or high blood pressure to get life insurance coverage. Ask your SelectQuote licensed agent for guidance if any of these conditions impact you.
SelectQuote Makes Buying Life Insurance Easy
As the oldest and largest independent term life insurance sales agency in the U.S., SelectQuote pioneered an impartial, pressure-free way to buy life insurance. We shop the multiple highly rated carriers we represent to help find you the best policy and price. Since our beginning in 1985, we’ve helped hundreds of thousands of people save millions of dollars on their life insurance. We are with you every step of the way to make what can sometimes be a difficult process easy.
To get your free life insurance quotes, contact SelectQuote at www.selectquote.com or call 800-253-8877.