Buying term life insurance allows you to keep peace of mind • Good Assurance

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You are expecting a new baby. Congratulations! Now, go buy yourself a life insurance.

All right, so you should love the news and celebrate with your family and friends. After that, one of the things that should be at the top of your to-do list during your baby's preparation period is to buy term life insurance.

When you are young and nobody relies on your income, you do not need life insurance. If you die, it would be sad, but it will not have a financial impact on others. When you have a small living being who relies on your income to be nurtured, dressed, dressed and entertained, you need a life insurance. This is not negotiable.

What kind of life insurance do you need? You almost certainly need a higher level term life insurance. The term life insurance works just like any other insurance you are thinking about: you pay a set amount to protect yourself from the risk that an event will occur. If this event occurs (in this case, your premature death), the insurance company pays. If the event does not happen, the insurance company keeps your money and you get nothing.

There is another type of life insurance called Whole Life. But chances are, you do not need whole life insurance.

Term insurance is extremely affordable. The amount you need varies, but many experts recommend about 8 to 12 times your annual income. It's imprecise and personal situations impact both high and low, but you probably need more than you think.

The cost varies depending on the age of purchase and the health factors, but here are some recent rules that I've helped customers buy:

  • A 34-year-old woman bought a 30-year contract and a $ 750,000 policy for $ 61 a month
  • A 32-year-old man bought a 30-year policy at $ 500,000 for $ 24 a month.
  • A 40 year old man bought a 20 year old policy at $ 250,000 for $ 18 a month

It's extremely cheap considering what you get for it. Some people will say "But why would you spend all this money just to get" nothing "in the end?" These people are wrong. You do not get "nothing" when you buy term life insurance and do not end up dying.

You have peace of mind knowing that your family will not have to move.

You bought knowing that your spouse would be able to pay for additional day care, now that it was unexpectedly a lone parent.

You have taken several years to readjust yourself to a completely different life without financial stress exacerbating all other stress.

You decided that your family was at risk of eating at a restaurant now that you are not at home preparing dinner every night.

You bought your family that does not need to use a GoFundMe website or other to pay for your funeral costs.

You bought knowing that your children would still receive funding for their education, although your family no longer has two incomes.

You can buy all this for a fee that many people regularly spend for dinner and a few drinks. You can afford it, but many people choose not to buy it because the above benefits are vague and theoretical, but dinner and drinks make you happier today.

Now, it is true that for the majority of people, you will come to the end of twenty or thirty years and the policy will end if you did not need it. According to these actuarial tables, If you are 30, you have about a 12% chance of dying in the next 30 years.

Although this is a low probability, it is exactly the type of insurance in question, low probability events that have a catastrophic result if they occur. And nothing is more catastrophic for your family's finances than dying.

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You are expecting a new baby. Congratulations! Now, go buy yourself a life insurance.

All right, so you should love the news and celebrate with your family and friends. After that, one of the things that should be at the top of your to-do list during your baby's preparation period is to buy term life insurance.

When you are young and nobody relies on your income, you do not need life insurance. If you die, it would be sad, but it will not have a financial impact on others. When you have a small living being who relies on your income to be nurtured, dressed, dressed and entertained, you need a life insurance. This is not negotiable.

What kind of life insurance do you need? You almost certainly need a higher level term life insurance. The term life insurance works just like any other insurance you are thinking about: you pay a set amount to protect yourself from the risk that an event will occur. If this event occurs (in this case, your premature death), the insurance company pays. If the event does not happen, the insurance company keeps your money and you get nothing.

There is another type of life insurance called Whole Life. But chances are, you do not need whole life insurance.

Term insurance is extremely affordable. The amount you need varies, but many experts recommend about 8 to 12 times your annual income. It's imprecise and personal situations impact both high and low, but you probably need more than you think.

The cost varies depending on the age of purchase and the health factors, but here are some recent rules that I've helped customers buy:

  • A 34-year-old woman bought a 30-year contract and a $ 750,000 policy for $ 61 a month
  • A 32-year-old man bought a 30-year policy at $ 500,000 for $ 24 a month.
  • A 40 year old man bought a 20 year old policy at $ 250,000 for $ 18 a month

It's extremely cheap considering what you get for it. Some people will say "But why would you spend all this money just to get" nothing "in the end?" These people are wrong. You do not get "nothing" when you buy term life insurance and do not end up dying.

You have peace of mind knowing that your family will not have to move.

You bought knowing that your spouse would be able to pay for additional day care, now that it was unexpectedly a lone parent.

You have taken several years to readjust yourself to a completely different life without financial stress exacerbating all other stress.

You decided that your family was at risk of eating at a restaurant now that you are not at home preparing dinner every night.

You bought your family that does not need to use a GoFundMe website or other to pay for your funeral costs.

You bought knowing that your children would still receive funding for their education, although your family no longer has two incomes.

You can buy all this for a fee that many people regularly spend for dinner and a few drinks. You can afford it, but many people choose not to buy it because the above benefits are vague and theoretical, but dinner and drinks make you happier today.

Now, it is true that for the majority of people, you will come to the end of twenty or thirty years and the policy will end if you did not need it. According to these actuarial tables, If you are 30, you have about a 12% chance of dying in the next 30 years.

Although this is a low probability, it is exactly the type of insurance in question, low probability events that have a catastrophic result if they occur. And nothing is more catastrophic for your family's finances than dying.