- Term life insurance is very simple and straight forward.
It’s true that it’s usually complicated when it comes to life insurance. However, term life insurance is designed to be very simple. You just need to choose the term that fit to your needs (5, 10, 15, 20, 25 or 30 years) then choose your coverage amount.
- It can be the most affordable life insurance
You may not believe it, but term life insurance may just cost you as much as your daily morning coffee. Term life insurance is much more affordable compared to other types. The earlier you buy, the cheaper you can get
- Term life insurance is very flexible
You are young family and need to put your children under protection until they are grown up. You don’t have to commit your life with expensive life time permanent life insurance. You can apply for term life for 30 years. By that time, your minors will be grown up and if nothing happen, you can just end your life insurance without any penalty or cancellation fee.
- You just start your own business
Starting a business can be a great deal with many obligations. To secure your business at those first years, you can use term life insurance for like 5-10 years to ensure everything is under protection after your death
- You are co-signed in debt with someone
If you pass away, you debt will not go with you. Term life insurance can be a great choice to secure the possibility to pay off your debt after you are gone. If you need 5 years to pay off your loans, then you can apply for 5 years term.
- Ensure your eligibility for future permanent life insurance
If you think this is not yet the right time to commit yourself with life insurance, you can apply for term life insurance. Because when you get older, it’s harder to buy life insurance. By using affordable term life insurance, you can secure your eligibility in future.