Who Needs Life Insurance?
Life insurance is an essential part of financial planning. One reason most people buy life insurance is to replace income that would be lost with the death of a wage earner. The cash provided by life insurance also can help ensure that your dependents are not burdened with significant debt when you die. Life insurance proceeds could mean your dependents wouldn’t have to sell assets to pay outstanding bills or taxes. An important feature of life insurance is that no income tax is payable on proceeds paid to beneficiaries.
YourQuote offers competitive term life insurance for people from just about every walk of life - from new parents to mature couples.
New Parents
Now for the first time, you have full responsibility for the life and livelihood of another human being. Term life insurance is vital in ensuring that your child will be provided for, no matter what.
Married with Children
There’s a lot at stake when families lose a wage-earning parent. Be sure your surviving spouse never has to ask, “How am I going to pay the bills?” or “Will I have to uproot the children?” Make sure you and your spouse are adequately covered.
Dual Income Couples
The only way to protect the lifestyle you both work so hard to achieve is to make sure that your life insurance needs are covered. The loss of a partner is devastating enough without the loss of a home, a neighborhood, or a plan for the future.
Single Parent Families
You know the meaning of responsibility. First, you have to take very good care of yourself. Then you have to make a plan to assure that your children could survive without you. Life insurance is an important part of that plan.
Small Business Owners
The loss of a small business owner creates a complicated financial situation, which may take a serious toll on all people involved. Key person insurance is critical to the survival of your small business and everyone who depends on it.
Mature Couples
The life insurance plans you made 20 years ago may not cover everything that is important to you and your spouse now. Term life insurance is the way to fill the gaps that changes in lifestyle and responsibilities have created.