Our experts can assist you with additional information regarding life insurance companies, and provides you with more details about the
proper amount of life insurance coverage, the type of policy that may be best, and which of the many life insurers in the marketplace may be best for you.
Many professionals recommend that you should have at least 10 times your gross annual income as the minimal amount of life insurance coverage
Globe Life offers you several options for
amounts of life insurance coverage from which you can choose, including $ 5,000, $ 10,000, $ 20,000, $ 30,000, $ 50,000 and $ 100,000.
With term insurance, you pay the same amount of money each month (or annually), and you are provided a specific
amount of life insurance coverage which stays the same amount for the life of your policy term.
If you were to pass away, a
reduced amount of life insurance coverage might mean your child will face a considerable financial burden meeting college tuition along with supporting themselves (and perhaps younger siblings).
If you know you need a certain
dollar amount of life insurance coverage but can't afford a decades - long policy, one option is to buy for a short term and hope you'll be able to afford and qualify for a longer term when the first policy term is completed.
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