Why Life Insurance?
Life insurance is a way of protection and a form of expressing love. When one dies suddenly, it often becomes hectic for their family members and those close to them. Life insurance ensures that family members have the financial support that they need and buys them the time to recover.
Everyone with a stable income that provides and cares for their family should buy life insurance. You never know what the future holds and it’s always better to be safe than sorry. When one dies it’s the family that suffers the most and with life insurance, money becomes one less problem.
Term insurance is when the insurance covers only a term of one’s life. It works by taking the age, health, and medical history of the person to predict the life expectancy. Only if one dies within the term, they get benefits, therefore it holds no cash benefits. On the other hand, whole life insurance is a form of permanent life insurance, which covers a whole lifetime and the savings can increase at a guaranteed rate. Permanent life insurance is much more expensive than term insurance.
It is recommended to buy life insurance as early as possible, even when one does not yet have dependents. Thus, the recommended age is early 20s right when one starts their career. Buying earlier in life results in lower premium and protection against any sort of misfortunes and conditions.
InsuredTY serves the underrepresented immigrant families, helping those get the service they need without worrying about cultural and language barriers. Licensed by Nationwide, Transamerica, and Pacific Life, check out our website!
