Learn How to Get Life Insurance to Protect Your Loved Ones for Just $8/Month
Buying a life insurance policy can grant you the ultimate peace of mind. Unlike anything else, a life insurance policy provides certainty that your loved ones will be taken care of in the event of your passing.
Signing up for a policy is easy and there are plenty of great life insurance companies and plans for you to choose from. Continue reading to find out everything you need to know to get started.
With life insurance, you get to make sure that your loved ones are taken care of in the event something unthinkable occurs.
A life insurance policy is basically an agreement between you and an insurance company. As a policy holder, you get to pick the amount of money that the insurance company will pay your loved ones in the event of your passing. Then you pay a monthly or annual life insurance premium that works for you.
The amount you pay depends on a few factors, like the type of insurance, your age and your health condition. But some life insurance policies start at just $8/month.
A common misconception about life insurance is that it’s only paid out after the policy holder dies. However, some life insurance plans can be paid out before if the policy holder becomes critically ill or injured. In any case, you get to decide who your beneficiaries will be. These could include:
- Your spouse.
- Your children.
- Other members of your family.
- Non-family members.