After a Thanksgiving day celebrated with family and, often too much to eat, many of us wake up on Friday, and find ourselves deluged with a long list of apparently special shopping deals and offers from an ever growing list of stores and outlets offering deals on every possible kind of merchandise that we might ever want. On television you’ll see (often at the crack of dawn) men, women, and children lining up outside their favorite stores in order to get what are usually advertised as once in a lifetime specials. However Black Friday is not the only day to get great deal.
Gaining momentum these days is then “Cyber Monday” where digital deal searchers can find specials on every possible computer or entertainment item they might need or want and buy it right from the comfort of their living room. While you may have to wait for deals on the latest electronic gadget, one thing you dont have to wait to save on is term life insurance.
Term life insurance is the most affordable form of life insurance. Unlike “Universal” or “Whole” life insurance, term life insurance is a straight forward death benefit. Where “Whole” and “Universal” require you to pay more into an investment portfolio, Term life insurance simply creates a benefit that pays out one lump sum. While this may mean there is a possibility of a smaller benefit, your return is also secure and will never fluctuate in the amount you determine is ideal.
Life insurance is one of the best gifts you can give your family. It may not give them any benefit while you are alive, but when you pass, they will be financially secure, which will ease the stress of your passing. Term life insurance can allow them to stay in the family house, pay off debts, cover funeral costs and so much more. Knowing that all of these things and more are covered provides peace of mind for not only yourself, but your loved ones as well.
Like any major purchase, you should compare your options when purchasing life insurance. Different policies will have different pros and cons, and will be influenced by different risk factors. By using an independent term life insurance agency, like SelectQuote, you can compare different life insurance companies and policies to find the best policy to fit your budget and lifestyle.