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
Should life insurance buying be seen as an urgent matter? There is something about some people that at times may cause them to procrastinate about matters that could end up being quite costly...
Let us talk affordable term insurance. You want a policy that can fit into your budget, right?
It can be a very satisfying feeling when you become aware of the advantages of whole life insurance for the first time.
The best term life insurance rate can be quite easily found on the internet today because web insurance companies have done intense research on behalf of the consumer.
I recently did some research on the development of the 30 year term insurance policy over the years. What I learned was quite interesting.