Let’s guess: you’ve thought about getting life insurance – Hmm, I should probably do this at some point.
That way, if something bad happens to you, you can still keep an eye out for loved ones. Thanks to your thoughtfulness and smart decision-making, they will be more financially stable and not have to worry about paying the bills without you.
But you just didn’t get around to it. You think it’s going to be a bit of a hassle and you really don’t need another bill to pay, do you?
Are we getting warm? OK, but what if we tell you it’s surprisingly easy and affordable to cross this off your list?
An affordable solution
Let’s start with the basics: life insurance is probably cheaper than you think. Generally, people overestimate the cost of life insurance. For example, nearly half of millennials believe that life insurance costs about five times their real cost, according to a LIMRA insurance industry study.
Meanwhile, a company like Bestow offers term life insurance rates from just $ 16 per month.
No waiting, no medical examination
Here’s one more thing: it’s not the trouble you think it is.
In the past, getting life insurance could be a week-long process. You may be asked to go to a doctor’s office for a physical exam and blood tests, and then organize and return the results and other records.
But newer companies like that To lend change the game. Bestow uses algorithms instead of medical exams to evaluate applicants.
If you’re between 18 and 60 years old, you can get a free quote without a medical exam – or even have to get off the couch. In fact, most of the customers who apply for a Bestow policy do this on their phones. It only takes five minutes.
With life insurance, sooner is better
I’ll take care of it later, you think. Maybe in 10 or 15 years.
Here’s the problem: you probably won’t get a better life insurance deal than you do now while you’re still healthy. You’re never getting any younger than you are now. And usually the younger you are, the lower your premiums are. So getting in early is protecting your loved ones at what is probably the best possible price.
“Term life insurance is an inexpensive way to start with a death benefit that can cover you for the most important years to come – a new mortgage, young children, and so on,” said Kerri Moriarty, a Boston-based financial strategist.
Get a free quote from Bestow only takes minutes and if approved you can get coverage today. Now is a good time to start planning for the future. For the best deal, apply while you are young and healthy.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder. He’s got life insurance.
This article originally appeared on www.thepennyhoarder.com