Life insurance is for everyone, not just parents. But some people still ask, €Why do I need to buy life insurance if I have no children?€ There are many reasons why buying life insurance is a smart move, even if you have no children. The key is to determine how much coverage you need then do comparison-shopping and get as many quotes as possible to find the best policy at the best price. The easiest way to do the comparison-shopping is to use a free, unbiased online service. This is how to buy life insurance!
So how much coverage do you need? It's easy to calculate. You and your spouse (or partner) should add up all of your monthly expenses: your home mortgage or rental fees, the utilities and upkeep of your home, your car payments and credit card payments, medical insurance premiums, plus all the other day-to-day expenses, such as food, gas, and entertainment. Factor in annual increases for inflation, and that is how much your spouse or partner needs to sustain the lifestyle you have worked so hard to provide.
Now that you have added up all your expenses, do the same with your assets: your savings and checking accounts, retirement accounts, mutual funds and CDs, and any regular income you receive from pensions as well as Social Security. Subtract all of those assets that will disappear if you die. Is there enough to pay all of those monthly expenses you tallied?
Wait, there's more. Don't forget the expenses your spouse or partner will have to cover for your medical care, funeral, and burial (or cremation). Medical bills, of course, can cost tens of thousands or even hundreds of thousands of dollars. Funeral and burial (or cremation) can easily cost over $10,000.
How much is left of your assets after subtracting all expenses? Could your spouse or partner truly maintain their standard of living? For many people, the answer is no. And for all those people, buying life insurance may be just the solution. Buy term life insurance or a whole life policy to safeguard the future financial security of your spouse or partner.
The peace of mind gained from buying a good life insurance policy is priceless. But comparison-shopping for that €good€ policy is a total pain€¦or used to be. Until very recently, comparison-shopping for insurance meant going from company to company, agent to agent, filling out reams of paperwork. But a major advance in software technology has changed all that.
Now, you can get quotes from many different companies all in one place, in just a few seconds, and at absolutely no cost whatsoever. And you can buy life insurance online for maximum convenience. Using the free, unbiased online service at a site such as BuyLifeInsurance.co, you just answer a few simple questions, such as the state where you live and your birth date. Then click to get your quotes. Almost instantly, you see quotes from multiple companies offering you their lowest rates. Pick the policy that's right for you. Then you can usually pay online using your credit card. You may even be able to download a copy of your policy to file immediately with your other important documents.
It is just incredibly simple to buy life insurance these days. So don't delay. And remember: Buying life insurance is important for everyone, not just parents!
So how much coverage do you need? It's easy to calculate. You and your spouse (or partner) should add up all of your monthly expenses: your home mortgage or rental fees, the utilities and upkeep of your home, your car payments and credit card payments, medical insurance premiums, plus all the other day-to-day expenses, such as food, gas, and entertainment. Factor in annual increases for inflation, and that is how much your spouse or partner needs to sustain the lifestyle you have worked so hard to provide.
Now that you have added up all your expenses, do the same with your assets: your savings and checking accounts, retirement accounts, mutual funds and CDs, and any regular income you receive from pensions as well as Social Security. Subtract all of those assets that will disappear if you die. Is there enough to pay all of those monthly expenses you tallied?
Wait, there's more. Don't forget the expenses your spouse or partner will have to cover for your medical care, funeral, and burial (or cremation). Medical bills, of course, can cost tens of thousands or even hundreds of thousands of dollars. Funeral and burial (or cremation) can easily cost over $10,000.
How much is left of your assets after subtracting all expenses? Could your spouse or partner truly maintain their standard of living? For many people, the answer is no. And for all those people, buying life insurance may be just the solution. Buy term life insurance or a whole life policy to safeguard the future financial security of your spouse or partner.
The peace of mind gained from buying a good life insurance policy is priceless. But comparison-shopping for that €good€ policy is a total pain€¦or used to be. Until very recently, comparison-shopping for insurance meant going from company to company, agent to agent, filling out reams of paperwork. But a major advance in software technology has changed all that.
Now, you can get quotes from many different companies all in one place, in just a few seconds, and at absolutely no cost whatsoever. And you can buy life insurance online for maximum convenience. Using the free, unbiased online service at a site such as BuyLifeInsurance.co, you just answer a few simple questions, such as the state where you live and your birth date. Then click to get your quotes. Almost instantly, you see quotes from multiple companies offering you their lowest rates. Pick the policy that's right for you. Then you can usually pay online using your credit card. You may even be able to download a copy of your policy to file immediately with your other important documents.
It is just incredibly simple to buy life insurance these days. So don't delay. And remember: Buying life insurance is important for everyone, not just parents!
Source...