| All Insurance
Father With Children On Playground Climbing Frame

After tax season, many of us are taking a harder look at our finances and thinking about where we want to spend our money in the next year. One of the key budgetary items to consider is term life insurance, which is an affordable way to ensure a better financial future for your family.

We’ll walk you through some of the key reasons that term life insurance is both an important and affordable life insurance coverage option that can offer you a better sense of financial security.

It’s Not A Whole Life Product

Because term life insurance isn’t a whole life policy, it comes with a cheaper price tag. Term life insurance guarantees a pre-determined level of coverage for only a certain period of time and policy owners simply must keep paying the premium to keep the coverage.

It’s Not Dependent On Employment

Many employers offer their employees life insurance through the company. These policies are great to take advantage of but know that the coverage will end if you ever lose or leave that job. [this is not a true statement if a person retires from their job] Term life insurance can be purchased regardless of current employment status, which makes it a dependable option for families. It’s a good idea to purchase a term-life policy in addition to a policy provided by your employer.

It Doesn’t Cost Much for Quality Coverage

Term life insurance premiums can be very affordable and are based on a couple key things like age, health, and what level of coverage you’re looking for. For example, with Direct General Life Insurance Company, a healthy individual between the ages of 18 and 50 can purchase a one-year, $25,000 term life insurance policy , for as little as $24 per month. Now that’s peace of mind at an affordable price.

If term life insurance is something you want to budget for now, speak with one of our Direct Auto Insurance agents located in your neighborhood today. You can also learn more about our term life insurance policies and benefits online.