Summer is here, your bags are packed, you’re ready to go… but have your travel plans accounted for all contingencies? Before you book a flight or plot your route, make sure everything is in order—that includes planning for the best and the worst. You might want to consider including term life insurance in your travel plans.
What exactly is term life insurance?
Term life insurance is a specific type of life insurance policy that guarantees a pre-determined amount of coverage for a set amount of time (that’s the “term” part). Term life insurance is often cheaper than its counterpart, the whole life insurance policy. That’s because whole life generally has higher premiums (according to Consumer Reports).
(For more about term life insurance policies, check out our breakdown of term life benefits.)
Why get term life insurance?
Getting term life insurance is all about being prepared. Just like you would double-check your flight’s gate number, plot your road trip route, or make sure your passport is up-to-date, it’s important to plan ahead for whatever comes your way. Term life insurance is a responsible way to help ensure that your loved ones will be taken care of if anything should happen to you. Plus, because it’s often cheaper than whole life insurance, saving money by choosing term life insurance could leave more funds available for other parts of your budget—including your travel budget!
How to Know Before You Go
Not sure if a term life policy is right for you? Ask Direct Auto’s Life Coach! Find out who can benefit and how by answering a few simple questions about your situation.
*Material in these articles is for general information or entertainment purposes only. Direct General does not endorse and is not affiliated with any of the other companies or apps listed in this article. Direct General is not responsible or liable for the availability of links to websites or resources, or for any content, advertising, products, services or other materials on or available through these websites or resources. Any references to third party rates or products are subject to change without notice. Trademarks are property of their respective owners. Term life insurance by Direct General is underwritten by Direct General Life Insurance Company, Nashville, TN. Policy # Policy 58TL02010713