One of the best way to secure the future of your family is to avail a term life insurance. No other investment instrument can secure their financial future at a minimal monthly payment. Insurance premiums are very affordable when you are at a young age. It is in this stage in your life when you have a lot of responsibilities and are usually strapped for cash.
If your main objective is to maximize the coverage of your insurance at a minimal cost, you should take a look at term life insurance. These insurance products offer higher insurance coverage at a low monthly payment compared to whole life insurance. Compared to other insurance products, there won't be any return of investment once you decide to cease paying your insurance policy.
Payments for term life insurance also increases as your age increases. This won't probably be an issue for most people when they reach at an old age. By then their dependents will become independent, their income will probably be more than enough to support their needs and they will no longer need these type of insurance.
Below are a few Term Life Insurance to explore
PruTerm 15 is a fifteen (15) year term insurance product which is automatically renewed every 15 years, payable in fifteen (15) years. It is a simple and straightforward life insurance product which pays a lump sum benefit to the beneficiary if the insured dies within the specified term.