Life insurance; who needs it? Perhaps you’ve thought about life insurance, perhaps not. Perhaps you think your savings and investments will cover your family’s needs when you pass away. Perhaps you should think again.
The average cost of a funeral alone is $5000 to $6000. In addition there could be estate taxes, outstanding debts or uncovered medical expenses which your dependents are responsible for paying when you depart this life. The proceeds from a policy can be a saving asset to the people you leave behind. It will provide economic stability to your family once your income ceases to exist. With the money from your policy, loved ones can pay off mortgages, college tuitions, and maintain their current lifestyle without worry.
What Are Your Life Insurance Options?
There are three basic types of life insurance, Term, Whole life, and Universal. Which one would best suit your needs?
Term life insurance is the least expensive and has no investment component. It is similar to car or home owners insurance. You can pay monthly or annually and you are insured for a specific death benefit.
Whole life insurance is a system where you build...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
