Let’s face it: Nobody likes to ponder their own demise. If someone relies on you financially, though, term life insurance is necessary to protect your loved ones’ financial futures.
But what is the best way to go about shopping for term life insurance? Where should you begin?
Term Life Insurance Quotes – Two Great Reasons to Look Online
These days, technology is an integral part of daily life. Millions of Americans use the internet to shop, pay bills, check bank statements, conduct research, apply for jobs, keep in touch with loved ones and much more. So it’s only natural that we use the internet when we shop for something as important as term life insurance, too.
As it turns out, hitting the web is a fantastic way to compare term life insurance quotes. But why? For one thing, it’s much quicker than the alternative. Calling insurance companies one-by-one out of the phonebook is a tedious, time-consuming process. But if you use the internet to find a free term life insurance quote you may only spend a few minutes shopping, leaving you more time for important things like relaxing and spending time with family.
Another advantage to looking for quotes online is the number of quotes you could receive. Some websites provide consumers with multiple term life insurance quotes from a single quote form, allowing you to compare rates and make sure they’re getting the best deal possible.
Saving time and money–what’s not to love?
Sadly, million of Americans do not carry any form of life insurance. Even worse, many Americans who do have coverage are underinsured and do not have enough coverage to protect their loved ones should the unthinkable happen.
There are two primary excuses people use for not purchasing term life insurance. The most common excuse is simple: they think you don’t need it. You’re relatively healthy, you eat right and are still on the good side of 50, so you wouldn’t possibly need coverage. But as we all know, life is incredibly fragile. Even for an incredibly healthy human being, there are no guarantees in life. A heart attack, cancer, car crash, a skiing accident–the world is a dangerous, unpredictable place.
Another reason people neglect to purchase coverage is because of cost. You barely make enough to cover the car payment and mortgage, so how could you possibly add another expense? Contrary to what many people believe, coverage can be incredibly affordable. In fact, for a 40-year-old male, the average rate is less than the phone bill in most households. The average premium for a woman is even more affordable.
Could Your Family Make Ends Meet Without You?
With each day that passes, you’re gambling your loved ones’ futures if you don’t protect them with coverage. Think about your family-what would happen to them should the unthinkable happen? Would they be able to carry on financially? How would they pay the mortgage and other expenses? After paying your funeral and other final expenses, how long would their savings last–a year? Six months? Maybe less?