Low cost life insuranceLow cost life insurance is what most young people need when starting out in life. Because they need both things the low cost and the life insurance. Low cost doesn’t mean it has to be of poor quality. The key question is: “Does it do the job?” What is the life insurance intended to do.? Is it to be temporary or permanent insurance? Example - Is it there to pay off a mortgage should one of the mortgage payers die? If so - nothing beats term life insurance for doing a proper job at a low price. Suppose you are looking for insurance to cover your final expenses upon your passing. You’ve seen the ads on TV -- no medical exam and No salesperson will call. Interestedly enough he vast majority of people who call that number and buy that product would get a better price if the salesperson did CALL! So that can’t be considered low cost. We always need to know the purpose of the insurance. Is it temporary coverage or must it be there enforce until you die- no "ifs ands or buts". If it has to be there until you die then term insurance is absolutely the wrong product! Young people starting out in life need is the low cost term life insurance. Older folks with assets and property to protect need low cost permanent insurance. The sad fact is all of us eventually become uninsurable. Some of us are born uninsurable, some us become uninsurable as young adults, still others in later life. If we don’t buy our insurance before we become uninsurable we will never have the option of that protection in our lives. Low cost life insurance is great. Just make sure it’s the right insurance.
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