While most people understand the importance of having life insurance, not everyone believes that they can afford this type of coverage. One approach that’s worth considering is to talk with a representative from an insurance company in Lancaster County PA about the option of term life insurance. Here are some of the advantages to securing this kind of coverage.
It’s Affordable
When it seems to take every penny to cover essentials like food, clothing, and shelter, the possibility of buying life insurance many seem like a distant dream. The fact is that an agent with an Insurance Company in Lancaster County PA can point out how affordable term life coverage happens to be. Unlike whole life or universal life plans, the cost per unit of coverage is much lower. That makes it easier to make a few minor adjustments in spending and be able to afford that modest monthly premium.
Qualifying is Easy
Some forms of life insurance require medical examinations that are hard to pass. People who have chronic health issues are sometimes rejected or have to pay much higher premiums. With term life, there are rarely any health exams in advance. All the provider asks is that the applicant be honest about medical history and current status. Given the high rate of acceptance, why not give this a try?
More Peace of Mind
What would happen to the family if one of the parents died in an accident? How would the family shoulder the expenses of final medical bills, or pay for the funeral? Where will the money come from to settle credit card balances or cover basic living expenses until the remaining parent can make some adjustments? With a term life policy in place, the financial stress of losing a loved one is minimized, and it will be easier to keep moving forward.
Don’t remain uninsured for one more day. Contact us and arrange to talk with an agent about term life coverage. After learning more about how the policy works and what it would do if the covered individual passes away, it will be easy to see what so many people choose this option.
