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Showing posts from April, 2018

3 Important Reasons Why Singles Need Life Insurance

The issue of life insurance is mostly regarded as a preserve of married couples. Moreover, a differentiating aspect between married and single people, is the fact that singles would require much less coverage. This is so because a single person would typically have no surviving spouse and children. However, there are various reasons that make life insurance as much a necessity for singles as it is for married couples.

1. Benefit From Cheaper Policies
Although acquiring a life insurance policy for a single person who isn’t financially stable may be challenging, it should be a top priority for one who has achieved some degree of financial independence. Moreover, getting a policy at an early stage will guarantee benefits of lower cost.

Basically, when someone gets married or has children, the cost of insurance is sure to increase simultaneously. For instance, a 30-year term policy valued at $500,000 for a young man who is perfectly healthy and doesn’t smoke would only have …