Life Insurance is a good idea for anyone, especially those with financial obligations like kids, a mortgage, college loans and other debts. In most cases, term life insurance will fit the bill and will not break the bank. It’s typically the most affordable type of life insurance and is perfect for young families who may not have a lot of disposable income. Term life can be purchased in 10, 15, 20 or 30 year terms at whatever limit you need.
Providing a safety net for those left behind is the most important function of term life. The death benefit is a lump sum of money that is paid out when you pass away. This is tax-free money that goes to your loved ones to help pay off debts, help them with continued living expenses, or even pay for college for your children.
For more information or for a free quote, call us at 972-432-6650.