why people hesitate to buy term life or indeed any type of life insurance.
Term Life Fable #1:
They work at home: Home workers still have to replace a paycheck and cover expenses in the event of death. They also still have to consider childcare and their children's future education. Add the chance of long term injury because accidents can still happen at home meaning you should also look at disability along with your term life insurance.
Term Life Fable #2:
They are young and healthy: The absolute best time to buy is when you are young and healthy. The term life premiums are cheap and lets face it, someday you will need it. The reason for term life is to insure yourself against the worst-case scenario at the lowest possible price.
Term Life Fable #3:
The mortgage is paid and the children are gone: Term life needs vary, but chances increase, as you get older, of losing a spouse. Again you have to look at loss of income. Also at this stage of life you have to be concerned about your estate. You will have to name beneficiaries with a Will and prepare for death taxes. As with many problems, money can be answer and one way to make sure you leave enough to provide for your family, is with term life insurance.
The Case For Term Life Insurance
When constructing a solid financial base, term life is always a good investment because of its low cost. Consult your independent life broker to see where you need coverage and how you can meet your financial goals through term life insurance.
Article Source: Articles Beyond Better
Ivon T. Hughes of The Hughes Trustco Group is the author of the Life Handbook: How To Get The Best & Cheapest Life available FREE to all new subscribers at: www.hughestrustco.com
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