Life lessons in life insurance

April 13, 2022

Chances are you already have some form of insurance - car, house, apartment, or even travel. So why not have insurance to protect your loved ones? Life insurance can be critical when your family unexpectedly needs it the most.

Giving you peace of mind

Simply put, life insurance gives financial protection to your loved ones in the event of your death. This is in the form of a one-time payout. You get peace of mind just knowing your family or those you leave behind will be well looked after.

There are common milestones that can influence your decision to purchase life insurance. Maybe you just got married or are thinking of having children, or maybe you just purchased a home and have taken out a mortgage. Whatever the reason, life insurance can help to secure your financial future. It is also very valuable outside of those traditional milestones. You might find yourself suddenly responsible for taking care of your aging parents who have become dependent on you financially or you may just have a job that is considered high-risk. Life insurance can benefit more than just yourself in so many ways.

Get it young

Even if you aren’t at a stage in life where you think you might need life insurance, you should absolutely consider getting it. Having life insurance in your 20s or 30s might sound premature, but there are added benefits to purchasing it at a younger age. Not only are you more likely to be approved for coverage, but your premiums - the annual or monthly payment you make – will most likely be much cheaper. And with Blue Cross Life insurance, if you are under the age of 45, a medical exam isn’t required (as long as your coverage amount is under $1 million).

Getting coverage

Life insurance is flexible - you get to choose the coverage that best meets your needs. Plans offer coverage anywhere from $50,000 up to $10 million with 10-year, 20-year and 25-year terms. When your life changes, so can your coverage amount. If something major happens - like taking on a mortgage, getting married or even graduating with a degree - you can increase your initial insurance amount with Blue Cross Life. And it is more affordable than you think. For a cost similar to your monthly cell phone bill, you get financial peace of mind for yourself and for your loved ones. Worth it, right?

If you are ready to explore life insurance options, you can get a free quote and purchase a plan entirely online. There’s no need to speak to an advisor unless you want to.

Still wondering if life insurance is for you? Check out our helpful flow chart.

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