Should I get term life insurance? Some people may avoid discussing buying life insurance because it brings up death. However, it may actually be important to know and prepare for the possibility of death. When families ignore this, they could end up jeopardizing finances and the future of their beneficiaries.
In a new LIMRA survey, it was discovered that only 44% of U.S. households had an individual whole or term life insurance policy. Why have so many people not considered buying life insurance? It could be that many people do not see the value of whole or term life insurance to their own lives. Read more here about life insurance benefits.
However, people, whether they are married, single, or stay-at-home parents, may still have expenses that may need to be taken care of if they were to pass away, such as their own funeral expenses, debts, and any income lost to dependents in the event of their death. While this conversation is typically not pleasant, it may be necessary to have. Chat about a whole or term life insurance policy with a certified professional to help you discover the right policy for you. Take the time to research and get quotes on the term life insurance policy that may be right for you before buying life insurance. To read more about getting life insurance when you’re single, check out the article “Why You May Need Single Life Insurance.”
