Prioritizing Life Insurance
If you have a family that depends on your income, you should have life insurance. Term life insurance is a form of life insurance that offers a death benefit for a set amount of time. Common term lengths include 10 years, 20 years, and 30 years. Term life insurance is typically less expensive than other forms of life insurance and provides protection for your family in the event of your death.
A 40 year old male in excellent health can purchase a $1,000,000 death benefit for a term length of 20 years for $625 per year. That is only $1.70 per day!
A 40 year old female in excellent health can purchase a $1,000,000 death benefit for a term length of 20 years for $519 per year. That is only $1.42 per day!