Do you have people, like a child or a spouse, who depend on your income?
Then, it’s a no-brainer. If you don’t have sufficient assets or savings, you NEED life insurance. However, there are about 11 million households (with minor children) that don’t have life insurance. And many that do have it, don’t have enough coverage.
Since the recession, life sales have been steadily declining. Many families state that they can not afford life insurance. But why?
Term life insurance premiums are at a fifty-year low. What does that mean? More coverage for less money; and your family is protected from financial ruin in the event the breadwinner dies while others are still counting on his income.
Life insurance should be an intricate part of a family’s financial picture. And thanks to the low-cost of term insurance, families can afford it–because they can’t afford to be without it.