Benefits of Low Cost Life Insurance
Do you have life insurance? Or do you think it's out of your financial reach, given the tough economic times we're facing? For some families, insurance policies are the first thing to go when finances are tight, but in times like these you'll need the protection of life insurance more than ever.
Want to save money on life insurance? It only takes a few steps.
If you don't currently have a life insurance policy, now might be an excellent time to buy one. According to the Insurance Information Institute, premium costs have halved in the last decade, and they haven't finished dropping yet.
Both term insurance and whole life (permanent) insurance are cheaper than they used to be, and you can benefit no matter which type of policy you choose.
Don't hesitate to protect yourself with low cost life insurance
This is a great time to pick up a low cost life insurance policy, especially if you're in the 25 to 44 age bracket, where the most substantial savings can be made. Life insurance premiums are dropping partly because people in this age group are living longer, so if you're in this age group, you can benefit even more from a low cost policy.
How much can you save? Since 2000, insurance premiums have dropped around 4% per year, up until 2007. Over the last couple of years rates have been dropping somewhat slower, but you can still benefit from premium decreases of approximately 1% per year. These days, an investment of a few hundred dollars per year could buy you up to $500,000 worth of term life insurance.
Buying an insurance policy can provide you and your family with important protection against the problems that life can throw at you. Contact us today to get in touch with our network of agents, and find out how you can protect yourself.
Low-cost life insurance is quick and easy to obtain. Start by requesting a quote here!
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