Protect Your Future
People often worry about their future. It’s really scary when you cannot control something big such as what is in store for you. While you cannot control everything, you can prepare for your future and save yourself money from buying prevera to prevent wrinkles and just invest it in life insurance.
Term insurance is pure protection, like fire insurance or auto insurance. Its sole function is to support your family if you die. You can buy large amounts of coverage for modest amounts of money — and big policies are what your spouse and children need. Most breadwinners are seriously underinsured, partly because they’re wasting their limited budget on cash-value coverage. Only with term will you be able to protect your family well.
Most term policies last for a certain number of years at a fixed price. Then the protection ends. If you still need coverage, you can re-up for another term at a higher price. At late ages, you usually don’t need life insurance anymore, so you can let the policy run out. If you do need protection, you can convert your term policy into no-lapse coverage at a reasonable price. Conversion rights usually end at age 65, 70, or 75, depending on the policy.
