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Risk Protect Your Life

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My insurance agent called me offering to hold an interview with me in order to determine where I belong in terms of life insurance risk. So, we met last week and she started promoting the so-called term life insurance. I had not heard about such type of insurance before and in fact never thought of risk protecting my life.

The presentation sounded pretty interesting and I got really interested in the possibility to have my life insured, especially with my weekly oversees trips and with a minor surgery that I had undergone a couple of months ago, despite my 30 years. Why not make my inheritors my beneficiaries in return for a couple of dollars per year, I thought?

As the insurance agent explained, the good thing about term life insurance is exactly the concept of term, which means that such insurance is contracted only for a finite period of time. It is also a good investment for people like me: young people, who travel a lot, work under great stress, or whose financial status might change. Another key fact is that should you consider that the insurance contract conditions are not lucrative, or decide to change the insurance procedure, payments, term, etc., you can always drop the insurance policy. Besides, term life insurance is the least expensive insurance compared to all other the types of life insurance.

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December 10th, 2008 at 9:31 pm

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