TERM INSURANCE:
Avoid gofundme by getting term protection.
For all people with kids, dependents and liabilities, get a term insurance. Sad that people pay $100/month for car insurance but not for their life.
Things to look for, as cheapest is not always the best,
- carrier rating/comdex score
max. living benefits
- good conversion option to perm
- My recommendations in this order (based on low cost and features/benefits)
1. AIG QOL flex term (Quality of Life)
2. North American term
3. Nationwide
You don't own the insurance benefit from your full time job
- no living benefits
- it is not sufficient/enough coverage
- no more coverage when retired-early, start a business, go contracting etc. Insurance will be very costly (even not eligible in some cases) if they develop medical issues.
Get it when you don't need it because you will not be able to when you need it.
#terminsurance #finance #Insurance