Stop Guessing, Get Certainty with Term Life Insurance
As parents, we don’t have all the answers. A lot of the job involves “figuring it out as you go.” However, there’s one thing that shouldn’t involve guesswork: your family’s financial security.
Term life insurance is designed to be affordable and helps give your family financial protection from the unexpected.
If your family would struggle to make ends meet without your income were you no longer here, or have trouble taking care of any debt you may leave behind (mortgage payments for example), now is the time to be proactive and get life insurance coverage. The payout from a life insurance policy could give your family the financial support they need to get by.
When shopping for life insurance, you’ll want to feel confident that the policy is right for your needs. No worries, we can help you understand what you should consider when buying life insurance. It’s all about striking a balance between reliable coverage and affordability. With our Family Plan Term Life Insurance, you can get the best of both worlds. The reason Term life insurance is popular for parents because it can provide more coverage for a lower cost. (It's called "Term" because coverage is for a specific amount of time - typically 10, 20 or 30 years).
How much coverage you need: A general rule of thumb is that you need 5-10x your annual income in life insurance coverage. If your passing would leave loved ones burdened by large debts (like a mortgage) you may consider more coverage, fewer debts you may need less. Our Family Plan has coverage from $100,000 to $2,000,000. Complete a quick needs analysis to see what makes sense for you.
How long you need coverage: Our Family Plan Term policy is available for 10, 20 or 30 years. If you have young kids you'll want coverage until they are grown so perhaps a 20 year term. Or if you expect to have more children in the future 30 years may be more appropriate.
How much coverage will cost: To give you an idea of cost, a healthy 30 year old female can get $250,000 of our Family Plan term life insurance for about $15 per month, and the premium rate is locked in, it will never increase. Get your Term quote.
Other things to keep in mind: When considering how much life insurance coverage to get, make sure you select an amount that also fits your budget. Remember that life insurance premiums are based on your age, gender and health - the younger you are the lower the cost so it doesn't make sense to wait.
Our Family Plan term policy can provide coverage for you with the option to include coverage for your spouse and kids all on one policy. Learn more about the Family Plan.
To figure out how much coverage you need or to apply, click here or call us at 800-503-4480 for more information
Looking for insurance for your entire family?
With our Family Plan, you can get Term Life or Whole Life coverage for yourself with the option to add coverage for your spouse and/or children, all on one policy.
