Tuesday, March 16, 2010

Why would someone in their 40s need life insurance more then someone in their 70s?

If you are in your 40's you may have different life insurance needs than someone who is in their 70's.

People in their 40's may have more financial responsibilities, such as, young children at home, own a house with a mortgage, and have less savings than someone in their 70's.

While a person in their 70's may have their home mortgage paid off, their kids grown and on their own, and have more money saved to pay for their final expenses.

That's why it's good idea to understand your financial situation and goals you want to accomplish with your life insurance policy before purchasing life insurance.

One way to find out what your life insurance need are is to use a life insurance calculator that asks you a few simple questions and quickly gives you an instant, accurate estimate of your life insurance needs.

In addition, you can compare life insurance quotes online from several insurers at once to help you find low cost coverage from a highly-rated insurance company.

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