By Dan 
Life insurance pays a sum of money to a person’s family at the time of his or her death. About 85% of consumers agree that life insurance is necessary for most people, but only 62% of those people say they actually have it. If you are considering buying life insurance, here are five incentives to do so:
1. It Protects Your Family
In the event that you pass away, your family will be able to support themselves with the money they get from your policy. The money can be used to pay for funeral costs, handle unpaid bills, and manage expenses during a time that might be very difficult. If you are the primary breadwinner of your family, life insurance might be essential.
2. It’s Not As Expensive As You Think
About eighty percent of consumers incorrectly estimate the price of term life insurance. Most people think it is much higher than it actually is. Depending on the plan you get, your monthly payment could be less than your cable or cell phone bill.
3. It Might Be A Work Benefit
Many employers will offer life insurance along with health insurance, as part of their employee benefits package. Getting life insurance through your employer is a simple way to get coverage, which might end up being less expensive than if you got it on your own. It is also possible to purchase another plan in addition to your work plan, if you think the plan you get from your employer is insufficient. About forty percent of Americans who have life insurance think that they need more coverage.
4. The Longer You Wait, The More Expensive It Gets
If you purchase a life insurance policy in your thirties, the monthly payments will be relatively low. If you wait until your 50s to purchase it, the monthly payments will be significantly higher. If you know that life insurance is something you eventually want to get, but you aren’t ready for it right now, reconsider. Buying it now will be less costly.
5. It’s Not As Hard As You Might Think
Getting life insurance might seem like a very complicated process, but it doesn’t have to be. Life insurance brokerage services can make the process easy for you. They can help you decide what plan is right for you based on how much coverage you need, how long you need it for, and what you can afford to pay.
Security is the best gift that you can give your family, so you might want to start thinking about purchasing a policy today. At the very least, the coverage will give you peace of mind, and that’s incredibly valuable.