Life insurance can be essential for protecting your family financially in case of a tragedy, but many people go without it. In fact, nearly half of American adults do not have life insurance, according to a recent survey.1 One reason is that people assume life insurance is too expensive. For example, when asked to estimate the cost of a $250,000 term life policy for a healthy 30-year-old, the majority of survey respondents guessed $500 per year or more. In actuality, the average cost is closer to $160 a year.

Original Article Source Credits:   Investopedia , https://www.investopedia.com/

Article Written By:  Kat Tretina 

Original Article Posted on:  Feb 8, 2021

Link to Original Article:  https://www.investopedia.com/5-top-benefits-of-life-insurance-5105062