Last Updated on January 20, 2021
3. Life insurance is cheaper and easier to get
There are many types of life insurance plans out there, and that’s where it might get confusing, leaving you wondering which one to go for? I will focus on the main ones only, namely: Permanent life insurance and term life insurance. While the former provides lifetime coverage and can be expensive, the latter is super affordable and easier to get. Term life insurance can cover you for a fixed number of years and provide your family with financial security when you breathe your last. Besides, What’s good about this Life insurance plan is that it doesn’t feature a complicated process. You can easily and quickly purchase it online. All you need to do is submit an application online and receive an immediate decision on coverage eligibility. If it’s approved, you can even start the coverage on the same day. A medical exam may be needed once the application is submitted.
