Is term life insurance a good fit for you?

Figuring out which kind of life insurance policy is ideal for your needs can get overwhelming, leading lots of people to put off getting life insurance altogether. If you’ve ever thought to yourself “I should probably go ahead and get life insurance, but I’ve got too much going on right now to sit down and sort it all out – I’ll get to it later,” you are not alone! Far too many people never get further than thinking about getting covered, until it is too late.

Individuals who want the peace of mind that a life insurance policy brings but think that they have plenty of time should consider looking at term life insurance. These policies often cost less than other forms of insurance and cover the insured for a specific period of time, usually 10, 20, or 30 years.

Many people prefer term life insurance, because these policies create a safety net for a person’s family and dependents at a low cost, giving the insured time to build up their own assets. If, for instance, a person buys a 30-year term life policy, they have full coverage for the entire 30 years, as long as they stay on top of paying their premiums. During the 30-year term, they have the freedom to use the rest of their resources to save and invest. This increases their overall assets, allowing them to pay for their end-of-life costs and leave something for the ones they love.

If you still do not carry life insurance, now is the time to take a second look at term life policies and find the policy that fits you and your needs – while you still have the time!