What Is Term Life Insurance
Term life insurance is the most popular type of life insurance largely because it is initially the least expensive and serves a primary purpose – protecting your loved ones from financial hardship in the event of your death.
Our philosophy is simple: If you are the primary income-earner and you do not have term life insurance, you need to purchase it now. It is inexpensive and your loved ones will appreciate it in the event of a tragedy. Even if you are not the primary income-earner, you should still purchase term life insurance (thought perhaps not as much).
Are there cases where you don’t need coverage? Yes. If you don’t have anyone that would suffer financial hardship in the event of your death, you don’t need life insurance.