In today’s modern society, if someone is dependent on you for financial support, then you should get life insurance. It’s as simple as that. Otherwise, they will need to get either government support via medicare or medicaid. If this is not what you have in mind for your loved ones then provide financial cushion by getting life insurance. Obviously no one wants to die, but unexpected can happen and you should be prepared for it.

A lot of people who are on the sidelines is because most of them aren’t aware of the costs associated with it. Most of them think it is very expensive when it could be relatively inexpensive. You just need to find the right product. There are two major types of life insurance: whole life insurance and term life insurance. Only thing you need to really know is that term life insurance policy is 70-90 percent cheaper than whole policies and that’s the one most people should get.

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