United Life Group

Who Should Buy Life Insurance

Who should buy life insurance?  That’s a great life insurance question!

Sometimes the idea of purchasing a cheap life insurance no exam policy can be a scary thing.  After all, who wants to stop and think about dying?  We all want to keep busy living and enjoying the time we have here and now.

And yet, one could argue that being prepared for the future, after we’re gone, could actually bring a peace of mind we would not be able to experience by avoiding the topic all together.

In order to help think through the process we think it’s important to consider who should get life insurance.

Who Should Buy Life Insurance

In this article, we’ll break down three types of people who may want to consider a no exam life insurance policy.

1. Those Who Have a Spouse or Dependents

If you have a spouse or children you’d be foolish not to at least think about looking into a life insurance policy.  After all, isn’t our greatest responsibility to care for those closest to us

Many people are reluctant to spend the money on life insurance because of their responsibilities to the family budget.  We understand that.  But we also know that there are many great life insurance policies out there that can bring affordable peace of mind.

2. Those Who Are Empty Nesters

Once the kids are gone from the home, some people elect to forgo life insurance.  This isn’t necessarily a bad idea but before canceling or cashing in on a policy, you may want to look at simply reducing the amount of life insurance you have without canceling it all together.  This is why cheap life insurance for seniors continues to be so popular.  Having even a small life insurance policy will help bring peace of mind to your spouse as well.

The other thing you may want to consider is the possibility of your children falling on hard times or even moving back home.  If this happens having life insurance can be a great way to ensure that they are taking care of should they lose their job or suffer financial difficulty.

3. Those Who Are Single

A lot of single people fail to see the need for life insurance.  They make the assumption that once they die there won’t be anyone missing them anyway.

However, they sometimes fail to consider the financial obligations that they leave behind to extended family.  This can be stressful for the family who will be receiving the calls from bill collectors and banks wanting payment for their debts.

Again, with so many great life insurance companies offering free quote online, taking just a few minutes to shop and compare different policies from different companies would be well worth your time!  If you have any other questions, feel free to contact one of our licensed agents. They’ll be happy to answer any questions you may have.