Having a term life insurance policy benefits your family in two important ways.
First, it gives you and your family long-term peace of mind. Knowing that your family’s needs are covered in the event you die can help put your mind at ease.
Second, term life insurance gives your family financial protection. For example, you can use your policy to make sure your spouse and children have enough money to meet their needs if you die. Or you can use your policy to make sure you have enough money to pay for your mortgage; you simply specify that your policy is in effect until after your final mortgage payment date. Same with your children’s education-just make sure the policy expires after the college graduation date. If anything happens to you, your children will still have the resources necessary to get their all-important education.
How do you buy this type of insurance? It’s very easy! “Whole life insurance” is much more complicated and expensive. In contrast, some term life insurance companies don’t even require a medical examination. You can buy a policy online in just minutes!
You apply by answering a few short questions about your age, height and weight, and general health. Immediately, you get a quote-free of charge and free of obligations. If it meets your budget, you can pay online…even print out your policy. And in just a few minutes, you have insurance for your family and the peace of mind that comes with it. No physical examination required. No blood test. No urine test.
How much insurance should you buy? The answer is simple: buy enough to cover your needs. Term life insurance is very affordable; whole life insurance is expensive. So don’t cut corners-your family’s security and peace of mind are at stake! Buying enough coverage is one of the smartest, most cost-effective investments you can ever make.
Beyond buying insurance to cover college or mortgage payments in the event of an emergency, some people have other reasons for making the purchase. For example, some people have health complications that may prevent them from getting ordinary life insurance; term life insurance is ideal because they may be able to get a policy with no medical examination required. Other individuals-for personal or religious reasons-avoid doctors, blood and urine laboratory tests, needles and syringes, and all other aspects of a medical examination. Term life insurance without a medical exam may be the best-or in some cases, the only-choice they have.
Older individuals also may choose term life insurance without a medical examination. Many ordinary insurance companies simply deny older people coverage because of their age. And some people make end-of-life plans by using the death benefit of their policy to pay for their funeral expenses…so their family doesn’t have to worry about it.
And that’s the whole point-life insurance isn’t really for you; it’s for your loved ones. Protect your family-make sure they get all the benefits of term life insurance.