Did you know that September is National Life Insurance Awareness month? It is an important reminder to everyone to make sure you’re covered in case something happens to you.
Why is Life Insurance Important?
Whether you are married with children, married without children, or single, it is important to make sure that you’re covered in case the unexpected happens.
According to Forbes, if anyone relies on you financially, you need life insurance. Whether your spouse, parent, or child relies on you financially, it is extremely important to make sure that they are taken care of in the event of the unexpected.
Not only is life insurance used to protect your family and loved ones, it’s also there as a cushion to leave an inheritance. You can create an inheritance by setting up a life insurance policy with them as your beneficiaries.
What is Term Life Insurance?
Term Life insurance provides coverage over a certain period of time. Common terms are 10, 20, or 30 years. Typically, term life insurance policies are more affordable than whole life insurance policies.
One of the selling points of term life insurance is that it is not only affordable, but there are no excess premiums and no promises or guarantees that go on longer than the term. Generally the shorter the term, the less expensive the coverage will be.
How Can We Help?
At Acceptance, we offer term life insurance. Term life insurance is a good place to start if you’re looking for a straight forward and easy to understand life insurance policy. This short-term option keeps you covered should the unexpected happen.