When it comes to buying life insurance, your age and health are two of the most important factors an insurer will consider when determining eligibility and pricing.
Deciding how much life insurance you need is part art, part science. Most experts recommend about five to 10 times your annual salary, which, as a general rule of thumb, is a good place to start.
But, does multiplying your salary by at least five times seem like enough?
Being a stay-at-home parent is the toughest job in the world.
Beyond being responsible for every detail of a tiny human’s life, these superheroes contribute to a number of vital roles (usually at once) that make a family truly whole. Day in and day out, the children are cared for, the bills get paid, the house stays in working order, clean clothes are available to wear… the list goes on and on.
There’s a misconception that the only person who needs life insurance is the primary breadwinner of the household. They’re the ones who bring home a salary on a day-to-day basis after all, right?
This couldn’t be further from the truth.
Life insurance helps cover your loved ones financially if you were to die. The money from a life insurance death benefit (the policy payout) can be used in numerous ways that support the beneficiaries’ needs.
We write endlessly about the times in your life when you need life insurance, how to pick your beneficiaries, and even why buying life insurance online might be the best option for you.
But there’s usually a question that lingers with life insurance — and many other types of insurance — even long after you’ve purchased a policy.
People ask themselves: Is life insurance really worth it?
Simple. Transparent. Efficient.
Those words typically aren’t associated with the traditional way of purchasing life insurance.
And that’s exactly why we invented a new way.