Term life insurance is one of the most affordable types of insurance and can be used to protect your’ s cover costs of debt and final expense, college education funds, and for money to leave behind for your beneficiaries.

 

Unlike ROP Term life insurance or permanent life insurance, you do not get your money back. It will typically expire, but it’s meant to cover your needs when you need insurance the most. Because everyone will leave this Earth one day and debt and funeral costs will need to be covered, everyone needs life insurance. Affordability and need are something to consider as well.

 

Living Benefits

Life insurance isn't just something that pays when you die. Life insurance is something that also pays off when you’re alive and depending on the carrier you may be able to access the death benefit while you’re alive as well. If you haven’t heard of this, it’s because just like technology advances, so does life insurance. That’s why it’s important to review your policy every year because needs and life changes. If your health changes, if you’ve bought a house, or have a new addition to the family, you may want to look over your coverage.

 

Most people are under-insured. Nobody has ever said they’re dying with too much money, but there are countless of people who are alive today and don’t have enough to live. Life insurance is at the bare minimum money at a discounted rate!

 

People typically assume that life insurance is much more expensive than it is. You’ll be able to find coverage for as little as $10 or even $20 a month depending on health, age, and term duration.

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You may also be able to convert your term into an investment with life insurance settlement. This means you may have the opportunity to sell your term life insurance policy for cash.