Life insurance is a safety net for your dependents.
It protects your family from financial hardship if you’re no longer there to support them.
If your policy is active, your loved ones get a death benefit from the insurance company.
The amount of the life insurance payout depends on the type of policy you choose.
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Competitor rates pulled from Compulife ® software for comparable policies to PolicyMe’s term life product. Your price and policy features may vary based on selected policy and provider.Get My Quote
As a new or expecting parent, your family's financial future is likely one of your top priorities (other than getting half a minute to yourself). If something were to happen to you, life insurance can provide your family with the financial resources it needs to cover living expenses, childcare and education costs.
Big investment, BIG mortgage payments. If you were to pass away unexpectedly, term life insurance can provide your family with the resources they need to keep the home, pay off the mortgage and continue with other financial obligations.
As a business owner, you may have employees or partners who depend on your income. Life insurance can provide the necessary funds to keep your business operating in the event of your death. It can also be used to buy out partners or to cover other business-related expenses.
If you're nearing retirement age and haven’t saved up as much as you’d like, life insurance can provide a safety net for your partner or any kids that depend on you financially. The term life insurance payout can be used to cover living expenses, pay off debts or provide an inheritance for your beneficiaries.
Couples who depend on each other's income should consider buying term coverage as well. In the event of one partner's death, the surviving partner can use the payout to maintain their standard of living, pay for expenses or pay debts. Financial security is romantic, right?