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An Insurance Agent's Best Kept Secret: Term Life Insurance

Jun 20, 2008
Have you ever consulted a professional when making a big life decision or purchase -- only to be taken for a ride? I sure have and I bet you have, too. If you haven't, that's good for you and I hope it never happens to you. But if you're like me, you've bought that first big ticket item like a car or house only to realize that the professional who guided you to your decision was only in it for their gain.

Since there are so many things out there that require the assistance and guidance of a professional, it seems we are destined to run across someone who will take advantage of us. Even when people are required to get certified, licensed and attend ethics seminars, we can still be taken advantage of in a big way. Money is power . . . and "power corrupts", as they say.

Of all the daunting purchases we need to make, I've come to realize that insurance is no different. We need insurance, but we can be taken advantage of in a costly way if we don't acquire a policy that is right for us and our budget. Many people do without life insurance because of the cost. But, many times that's the case with whole life insurance. People aren't aware of a little known secret: term life insurance is often far more cost effective than whole life insurance. People do a great disservice to themselves when they bypass insurance simply because whole life seems too expensive. Term life is a great alternative.

Term life insurance empowers you. You can choose any of your beneficiaries and you have a variety of policies to choose from. You can have a policy with a term of five, ten, or thirty years. It's all up to you. And best of all, term life insurance is affordable. Price makes so many people avoid getting life insurance. But for a little as $8 a month, you can potentially get a policy that is right for you. Need enough to pay off that house, or do you need to leave behind a million for your family? That's a hidden advantage many agents might not share with you.

Yeah, we all want to live forever. But, let's face it, we need to think long and hard about what can happen to our loved ones when we pass on. We love them and we want them to be taken care of after we pass on. We want to leave that protection as a gift to them. Besides, you want them to remember you after you're gone. They won't have time to reflect on you in a proper way if the mortgage comes crashing down on them with a foreclosure following closely behind. A term life policy can protect them against all of that.

There are those (chiefly agents who sell whole life insurance policies!) who like to reject term life insurance. They say that term life offers mediocre benefits at a inexpensive fee. They like to assume whole life insurance is the cheaper counterpart. In reality, they couldn't be farther from the truth. Term life insurance has considerable benefits, reduced expenditure and a straight forward approach. Easy to understand.

See, a term life insurance policy of $200,000 can cost a "30 something" about 30 bucks a month. But, for that same fee, a whole life policy will only provide $30,000 of protection. That's a difference of $170,000 in your policy! Did the agent tell you that? This price difference comes from the fact that whole life insurance policies claim to build cash value by investing your premiums in the markets. Sure, you can "borrow" against any value the markets give your policy. But, what if the companies investments bomb? Can you afford to risk the future protection for your family in such a way?

Term life insurance brings your family's protection within easy reach. Don't leave your family unprotected just because you didn't know you could afford quality life insurance. Of course, you need to investigate any policy you plan to purchase. Make sure it's right for you. Preserve your hard earned money and protect your family. Don't let some "professional" make your hard earned money work for themselves when your own money should always be working for you.
About the Author
Now that you know insurance is too affordable to live without, it's time to start shopping around. Start searching the web today for online life insurance quotes. That's a great way to get started. No more excuses -- get your free quote today and get protected today!
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