There are two main types of life insurance available. Permanent life insurance and term life insurance. These two coverage types provide financial protection and that much-needed security blanket for your loved ones when you die. If you’re not quite ready or unsure of what to look for in a life insurance product, it helps to do your research to ensure both you and your family understand what to expect. It’s also important for you to understand the difference between term life insurance and life insurance before making this significant decision.
Thankfully dropdead term life insurance can be bought online without speaking to annoying brokers. Brokers add zero value when buying term insurance. Use the online calculator at dropdead and Shazam you’re done! If you want permanent coverage then speak to a broker as it gets pretty complicated pretty fast. We have a couple super starts brokers dropdead that are not annoying at all.
What Is Permanent Life Insurance?
Permanent life insurance, also known as whole or universal or life insurance, is insurance coverage for an entire lifetime that is paid ultimately upon your passing. Most permanent life insurance policies require payment annually, however, the coverage is often at a fixed rate despite one’s health.
Life insurance is one of the most important insurance investments one can make for themselves and their loved ones. By purchasing whole life insurance, you are preparing your family and allowing them to have security upon your inevitable passing. The life insurance policy is paid out to your immediate family or dependents to ease their financial burden. Why is life insurance important? For the following reasons:
- Whole life insurance allows your family and yourself to maintain a comfortable lifestyle financially and alleviate the stress and worry of how to manage finances that can take away from your family’s time to cope with your passing.
- Life insurance can help pay off current debts, including mortgages or student loans, and even cover the cost of funeral expenses.
- Life insurance can go towards tax-efficient estate planning.
What Is Term Life Insurance?
Term life insurance is a coverage policy that is provided to the customer for a specific duration of time or term. It could be anywhere from ten, twenty to thirty years and during the term, the coverage costs will remain the same. However, the cost could change if you have to renew the policy. This provides your family and dependents with a financial payout upon your passing within the period of your term.
Term life insurance is a viable option for those that desire a more affordable life insurance policy with temporary protection. It is important to remember that term life insurance is just that, applicable for a duration of time. Most individuals purchase a term life insurance policy for 20 years, which is an appropriate amount of time and still provides ample security for yourself and your family.
dropdead life insurance offers the most affordable and online life insurance and extensive-term life insurance quotes in Ontario. We’re committed to keeping you covered for when shit happens! Contact us today to get covered at https://dropdeadlifeinsurance.ca/get-quote/.
dropdead wants to change the narrative of life insurance from a sold product to a bought product. What do we mean by this?
Some products are sold; such as life insurance, financial services, used cars, etc..
On the flip side, a bought product is a doctor or a dentist a veterinarian, etc..
For example, visiting a doctor is a bought product but life insurance is a sold product. When you visit the doctor, you are called a patient. You sit and wait and think the doctor is so great that he is helping you blah blah blah. He may be a total idiot, but you’re still buying from him. You don’t feel sold. Why is that?
People feel they are being sold life insurance… unfortunately, that’s largely due to the massive number of incompetent brokers in the market.
It’s the old joke of feeling greasy after speaking to a term life insurance agent that just wants the sale to generate commission because that’s his only source of income.
It’s a crying shame really because life insurance is super important. Don’t even start with that “I can self-insure” bullshit, you’re smarter than that!
Let’s get into some tangible examples.
When you go and buy a new car, can you drive off the lot without having car insurance? No, you cannot. So now you have insured a depreciating asset, your car.
Next, you take that same piece of shit car and drive it to the hospital to pick up your newborn child. Can you leave the hospital holding your precious bundle of joy without a car seat in that car? No, you cannot.
But wait!!!! You can leave the hospital without life insurance. That is so incredibly dumb it should be illegal.
Just like car insurance and car seats are mandatory, so should the purchase of life insurance be mandatory if you have children. It’s so ultra-irresponsible to have a kid and not have coverage.
You can make up a thousand bullshit reasons about how you don’t need life insurance, but be real with yourself. If you die with no coverage, your kids are in a significantly worse position.
Money may not buy happiness, but life without any money sux balls. If your kids have no cash, you just failed as a parent.
Now stop procrastinating and log onto www.dropdeadlifeinsurance.ca Be a decent human being and look after your affairs.
Don’t wait till it’s too late. dropdead term life insurance is the best and cheapest life insurance solution you could wish for.
