Typical life insurance strategies focus on
the need for life insurance protection and this is really about the cost of paying for a death benefit.
Still, individuals generally should have
a need for life insurance protection and evaluate a policy based on its merits as such.
Many people believe that when a person gets older and no longer has small children who are counting on their income for support, that they also no longer have
a need for life insurance protection and that they should cancel their existing life insurance coverage.
You may want to pick a term that meets
your needs for life insurance protection.
Let Your Coverage End — You could choose to go without life insurance coverage if you no longer have
a need for life insurance protection.
If you're considering term insurance, consider choosing a term that matches
your need for life insurance protection.
And thanks to the unwelcome poor economy, many seniors have lost significant portions of their retirement accounts — a situation that also can increase
the need for life insurance protection for a surviving spouse.
With life insurance in particular, there comes a time for most people when your biggest financial burdens have been met, which reduces
the need for life insurance protection considerably.
Thankfully for most of us,
the need for life insurance protection decreases as we get older and pay off our debts.
Typical life insurance strategies focus on
the need for life insurance protection and this is really about the cost of paying for a death benefit.
As your life continues to change over the years, so does
your need for life insurance protection.
Term life provides low cost life insurance, with flexibility to meet your family's
needs for life insurance protection.