Do you know people desperate to sell you life insurance? The average American will change job over 10 times and one of those jobs is very likely to be in sales. For many people, that sales job will be in financial sales. Most likely they don’t have a large Rolodex so they go after their friends.
Most of us are just fine with term life a low cost safety net to protect our loved ones should something happen to us. How much you need simply depends on what you need to cover. Just like the name says this type of insurance is with you for life. but what if your kids are grown and out of the house and the mortgage is paid or very close to be so. Use this simple life insurance calculator to figure out what you need.
The main reason is whole life is pushed on much more so than term life is because whole life comes with the bigger commission checks for the agents. Term life can also benefit Americans as much as whole life and you can contact ABCO Insurance Agency to find out if your situation in life requires life insurance. Learn how to tell an friend “thanks, but no thanks” and more life insurances bad rap by reading Hank Coleman’s article on Daily Finance.