Single people often think they don't need life insurance, and in many cases, they are right.
However, there are many factors that determine your need for life insurance, including marital status and number of dependents.
Many people choose to buy life insurance to provide money for;
1. Paying their final expenses and funeral.
2. Paying off their outstanding debt.
3. Their surviving family members.
4. A favorite charity.
5. To pay off the home mortgage.
In addition, it may be wise to consider buying life insurance while you are young, healthy, and single so you can lock-in a low rate for your life insurance policy, since rates increase with age.
As time passes you may get married, buy a home, have children, and your responsibilities will increase. That's why planning ahead may be a good idea, especially since you may not qualify for life insurance if you develop a health problem in the future.
Here's how you can learn about how term life insurance works and request your instant term life insurance quotes online to compare rates and plans from several top-rated insurance carriers.
Insurance without any Medical Exam,
Just a Few Health Questions.
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