If you’re like many Americans you’re probably wrestling with the idea of purchasing life insurance but you’re not quite sure if you can justify the cost. At IntelliQuote we hear from consumers who are struggling with this decision on a daily basis. In response we pose these two simple questions:
Do you carry debt? Do you have loved ones?
In most situations the reply is yes to both. If you too answer yes to both of these questions, you’ve got two great reasons to buy online life insurance.
According to the Federal Reserve, the total U.S. revolving debt in 2011 was $798.3 billion; 98% of which was credit card debt. Furthermore, the average American household carries $6,600 in credit card debt.* This astounding number doesn’t account for student loans, mortgage debt, car loans and other outstanding debts. Needless to say; we rarely hear from a consumer who is not carrying debt. To every consumer who is, we encourage them to purchase enough online life insurance to cover their outstanding debts in the event of a tragedy.
This brings us to reason number two: love. To those consumers carrying debt and providing financial support to their loved ones, we encourage them to consider the financial impact their death would have on their survivors. Who will cover the mortgage? Support the family? Pay the bills? In most cases the response to these questions alone is reason enough to purchase online life insurance.
As you consider both of these great reasons to buy online life insurance, what are your thoughts? Do you currently carry adequate coverage? Do you feel that your loved ones could use more protection? If so, we encourage you to contact us today! Our staff of highly experienced, license life insurance agents is on hand to help you assess your needs.
Interested in learning about your online life insurance options? We encourage you follow our Life Insurance Blog; keep up with the industry trend and topics that affect insurance rates and more. While you’re here, check out these recent related posts: