Is Life Insurance Worth It? Bestow Has Policies for Every Budget
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Wondering whether life insurance is worth it? Here’s why we think it’s a great option…
Have you set your 2022 financial goals?
Even though it’s a subject that no one likes to talk about, it’s the perfect time to start thinking about purchasing a life insurance policy.
Aside from being one of the best ways to make sure your loved ones are taken care of, life insurance policies can be a whole lot cheaper than you think. In fact, you can start shopping for term policies through Bestow for less than the cost of an average dinner out!
Head over to Bestow now and browse life insurance policies starting at only $10 per month!
Personally, I find myself paying close attention to my finances around this time of year.
I don’t mean to be cliché, but there’s just something about the New Year that inspires a lot of reflection–especially about money and the future. As we sit down to plan out yearly goals (to the best of our abilities at least 😅), a life insurance policy probably isn’t something that makes its way onto our monthly budget spreadsheets.
But for many people, it absolutely should.
Unfortunately, there are plenty of myths surrounding life insurance that take away from how helpful it can actually be for so many families.
Here are some common reasons people don’t opt for a life insurance policy:
“Life Insurance isn’t worth it when I’m young.” The average life insurance premium rises by over 200% for men between the ages of 25 and 50, so it saves you money to purchase it at a young age.
“Life insurance is too expensive.” Actually, around 50% of people overestimate the cost of life insurance. Millennials, most notably, overestimate it by up to 3 times the actual cost.
“I’m better off investing my money elsewhere.” While investments can be a wonderful way to protect your financial future, they’re not guaranteed. 65% of uninsured Americans are not able to protect the financial security of their loved ones.
“I won’t get my money’s worth.” Insurance companies paid out over $90 billion to beneficiaries in 2020. Those payouts certainly helped families who never imagined they’d need it.
Note: All statistics come from the LIMRA 2021 Insurance Barometer Study.
Life insurance is one of those things you hope to never need. But if you’re wondering whether or not life insurance is worth it, Bestow’s low monthly costs combined with the fact that you can rest easy knowing your loved ones are taken care of makes a win-win scenario.
Life insurance policies aren’t only important for breadwinners.
You might be thinking that if your family contributions aren’t mostly financial, then you won’t benefit from life insurance. But your family depends on you elsewhere. If you were to pass away, it would take both an emotional and financial toll on your loved ones since they may have to pay someone to take over those critical housekeeping duties.
Having a solid life insurance policy is an important part of planning for your family’s financial protection whether you make a yearly income or not.
Bestow offers term life insurance which can be much cheaper than permanent.
Term life insurance lasts up to a certain number of years–in Bestow’s case, that’s up to 30–as opposed to permanent which typically lasts for the purchaser’s entire life.
If you are looking for permanent life insurance policies, then Bestow may not be the best choice. However, if their term policies fit your lifestyle, they’re refreshingly affordable and won’t deter you from your other 2022 financial goals.
Now that you know life insurance is worth it, how’s the application experience?
Bestow makes the whole application process as easy and non-intimidating as possible. Unlike many life insurance providers, they can give you a monthly estimate quote in minutes and don’t require a medical exam. Shopping for life insurance can be stressful enough as-is, but it’s a breeze with Bestow’s simple application process.
They also have tons of great information about the type of insurance they offer that you can read to find the best fit for you!
Head over to Bestow to get a free quote & apply online, and if approved, you can get coverage immediately. Policies start at just $10 per month!
Life insurance quotes provided by Bestow Agency, LLC dba Bestow Insurance Services in CA, who is the licensed agent. Term Life Insurance Policies offered by Bestow are issued on policy form LS181 and LS182, or state version including all applicable endorsements and riders, by North American Company for Life and Health Insurance®, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193. Products or issues ages may not be available in all jurisdictions. Limitations or restrictions may apply. Not available in New York. Our application asks about your lifestyle and health to determine eligibility in order to avoid requiring a medical exam.