Ignoring purchasing life insurance is one of the biggest mistakes that
single people can make, here is why.
In your early years you really have very little need for any coverage, or possibly no need at all. If you die while you are young all that is needed is sufficient cash to bury you. It doesn't take a lot of money to do that.
Most parents, in the United States, can afford to bury a child upon death. If your parents cannot afford to bury you all you need is a policy for about $10,000. That should take care of it.
There is nothing more important than your family's security. What would happen to your family if you died? Would they be provided for? Compare Quality Quotes and Save up to 70%! The process is Fast, Easy and FREE. Click Here To Learn More
Here is an example why a single person would buy a life policy. This is
woman 23 years old and a college graduate...she works very hard and
would like to buy a house. Her older brothers bought theirs at an early
age and she feels she should also.
You may feel this is a far-fetched case but it is not. I know of cases quite similar to this. It is very likely that she will have a mortgage on that house. She wants it paid off if she should die. This certainly is a good reason to buy an insurance policy.
Here is another example where it is wise to buy a life policy
while you are quite young. A young man who is pretty smart graduated
from medical school. It took him many years of hard work to achieve
Because of his expertise he carefully looks at the state of his parents and grand parents health. Even though medical science has advanced considerably he knows that he could develop some of the same ailments his parents and grand parents now experience...
As he intends to marry and have a family some time in the future
he feels that it would be the intelligent thing to buy some life
insurance now while he can get it at a very low premium and while he
still can qualify for it.
He will have it when he needs it. If he should die before he marries he feels it would be a great idea to let the proceeds be payable to his parents as their assistance was invaluable while he was in school.
Another good example is the young person who intends to go into
business some day. That man or woman certainly intends to make their
business a success.
There will be a need for coverage whether we are talking about sole proprietorship , a partnership or a corporation. There may be a need for a policy specifically to fund a buy sell agreement or may be for key employee insurance.
If this person buys the insurance policy now there wont be a problem when the policy is really needed. The rate will be much lower while this person is still quite young.
These are just some of the reasons why a single person should consider life insurance. There is little or no need now but you should consider where you plan to be 5, 10 or 20 years down the line. Will you need a policy then? More importantly, will you be able to qualify for it?
Want to protect your family? Take a Free look at Top Quality Life Insurance Quotes from a Highly Rated Carrier and Save. Click Here For More Info
No Medical Exam Life Insurance. What is going on here? Is this new? The way people act one would think that this is an entirely new idea.
Consider online life insurance. Buying life insurance online can be quite a simple process especially if you know how much you want and what type.
There are many pages on this website on term insurance details and how it works. What I want to do on this page is give you a basic and general outline of this policy.
You may find it a valuable experience as well as enlightening if you took some time to get a term life insurance quote on your favorite term policy.
Key employee life insurance is really a necessity.