None of us like to think about the worst situation happening such as the loss of a loved one or worse. Because of this, most Americans prefer to avoid such a thought but this could have serious consequences, especially for your loved ones. Life insurance is something we would all like to live without but it is something that is essential because you never know what can happen this day and age.
Having a good policy in place can help cover all of life’s necessities for your loved ones such as mortgage, childcare costs, good education, and also help safeguard your loved ones from inheriting any debts. As you can see life insurance can help prevent a tragedy from becoming an even worse situation for your loved ones. Unfortunately, a large part of American’s don’t have life insurance, which is a huge risk for their families.
We did some digging and found the secret that life insurance companies don’t want you to know so they can keep charging large premiums to the average customer that doesn’t know any better.
A recent study showed that the main reason people don’t have life insurance is that they think that they will have to pay three times more than they need to. The reality is that life insurance doesn’t have to cost a lot but since life insurance is big business, insurance companies prefer that people don’t know the reality so they can continue to bring in huge profits year after year.
The reality is Life Insurance Isn’t Expensive – you just have to know where to look.
There are many 3rd party companies provide online services that enable people to get free life insurance quotes, the results are usually very surprising as 99% of the time customers are quoted rates much cheaper than they expected. This is because these online services are 3rd party and don’t have any biased whether you sign up or not. These services work so well because they are able to compare all thousands of options available tailored exactly to your needs and return an answer in a matter of minutes.
Life insurance is at 20-year lows because of this information mismatch. The majority of people prefer to take their chances and not pay these high premiums which results in a lot more supply than there is demand at the moment.
In fact its never been easier to qualify for life insurance policies and there are many new programs available to qualify for such as $250,000 policy for as low as $15 per month. Using one of these online tools can enable you to find the perfect life insurance policy for you without the hassle and in a matter of minutes instead of spending hours and weeks contacting insurance providers and comparing rates.