$500,000 Term Life Insurance
Term life insurance is a financial security product that pays out funds in a lump sum upon death of the insured. Despite the importance of term life insurance, amazingly few of us have a term life insurance policy in place. It is even more surprising when you consider $500,000 of term life can be had for as low as $15 month!
Why Do You Need Life Insurance?
For folks with a home loan and a family to support, not having a life insurance policy subjects your family to unnecessary risk. This danger becomes apparent when you consider how the mortgage and everyday bills would be paid if the key income earner was to suddenly die or to become terminally ill. The consequences are unthinkable, including your spouse and children can’t keep up with housing, food and everyday bills.
Life Insurance Protects Your Family And Give You Peace of Mind
Term Life Insurance Is Expensive, Right?
Term life insurance rates are actually at all-time lows.
Here are some sample premiums of someone in good health:
Age Coverage Amount Term Cost Company
38 $500,000 10 $14.66 month Protective Life
38 $500,000 15 $16.53 month SBLI
38 $500,000 20 $22.19 month SBLI
38 $500,000 30 $37.85 month SBLI
Life insurance is one of the most important purchases you will ever make. Make sure you do your homework and find the best policy.
*Rates as of 12/7/2012. The information in this post is for informational purposes only and is not a guarantee of rates and insurability. Rates and eligibly are subject to the underwriting guidelines of the insurance companies and state in which you live.