When you are young, you get married, and begin raising a family. Money may be tight—but if you don’t want to leave your loved ones with nothing financially if you were to pass, you can get Term Life Insurance. This type of insurance has lower premiums than other types of life insurance, but only lasts for a set period of time.
Once you start establishing yourself in your career and earning more, you can elect to get Straight Life Insurance, and with these types of plans you never lose coverage for your entire life as long as you pay your premiums! These plans can be expensive, but can be worth it in the long run!
When you are older, you may have a fear that you and your spouse may not have enough income to sustain yourselves, if this is the case you can get Variable Life Insurance to help provide income, cash growth, and peace of mind in both life and death.
In all stages, Life Insurance is important, to you and those you love. Don’t regret not having it!