Skip to main content

Putting Off Bestow Life Insurance Could Stick Your Family w/$200K in Debt

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners.

So you’re apparently a grown-up now. You’re successfully adulting. Congratulations!

That means it’s time to stop procrastinating and ask yourself this “adulting” question — one you’ve been putting off. If you were gone, how would your family ever pay off the house?

The unfortunate truth is, most of us die in debt, and studies have found that nearly 85% of people between the ages of 46 and 49 have an average mortgage debt of over $200,000. The last thing you want to do is leave your family with that debt.

Luckily, in just five minutes, you could make sure your family is financially taken care of with a life insurance policy. A company called Bestow makes it easy to apply for coverage right from your phone. Yep. You don’t even need to leave your house.

Spend Five Minutes to Make Sure Your Family Can Pay the Bills When You Die

As long as you’re between the ages of 18 and 60, you can apply and get a quote in minutes — and if you’re approved, you could have coverage by the end of today. There’s no medical exam required.

Even better — life insurance may be cheaper than you think. Bestow’s premiums start at just $10 a month, and Bestow helps you choose the right amount of coverage for your family. How big is your mortgage? You can choose coverage ranging from $50,000 to $1.5 million, and policies can run from 10 to 30 years. Bestow can help you figure it out.

For example, you could get $250,000 of coverage for just under $13 a month.*

So, if you’ve been putting this off, now’s the time to stop. In just five minutes, you could make sure you don’t leave your family with hundreds of thousands of dollars in debt. It takes just a few minutes to get started, and you’ll know your family is taken care of.

Mike Brassfield (mike@thepennyhoarder.com) is a senior writer at The Penny Hoarder. You better believe he has a mortgage.

*Rates are based on a healthy, non-smoking, 25-year-old woman.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



from The Penny Hoarder https://ift.tt/2WODSQo
Labels:

Comments

Post a Comment

We will appreciate it, if you leave a comment.

Popular posts from this blog

How to Ask Your Manager for Feedback (& easily impress them)

Your manager is either your greatest friend, or your biggest obstacle. No matter where your manager stands on this spectrum, getting feedback from them is going to be a valuable resource for your professional growth so this is something you should be doing consistently at work if you want to get more promotions and raises. […] Source from I Will Teach You To Be Rich https://ift.tt/XNUxhGu
Post a Comment
Read more

Best Crypto Sign-Up Bonuses and Promotions

Many cryptocurrency exchanges offer sign-up bonuses to draw potential customers. You can receive free Bitcoin or funds you can use to purchase your preferred altcoin, depending on the offer. The terms and conditions vary, from the bonus amounts to the qualifying criteria. Most exchanges will pay you a few dollars for completing your first trade. However, the more valuable promotions may allow you to receive up to $500 or more, in line with many stock brokerage bonuses . Here is a list of the sign-up bonuses covered in this article: Binance.US : $10  Coinbase: $5 Crypto.com : $50 eToro: $10 Gemini: $10 KuCoin: Up to $500 Phemex: Up to $6,500 Plynk: Up to $100 SoFi : Up to $100 Tastytrade : Up to $2,000 TradeStation : $150 Table of Contents Best Crypto Sign-Up Bonus Offers Binance.US Coinbase Crypto.com eToro Gemini   KuCoin Phemex Plynk SoFi Tastytrade TradeStation FAQs What Is the Best Crypto Sign-Up Bonus? Best Crypto Sign-Up Bon...
Post a Comment
Read more

Is a $92/Month Raise Enough for the Average Social Security Recipient?

If you’re on Social Security, you can expect your checks to increase by 5.9% in January. That’s the biggest cost-of-living adjustment recipients have seen since 1982. Here’s what that will look like for the average recipient: Retired workers will get an extra $92 a month on average, bringing the average monthly benefit to $1,657. Disabled workers will get an extra $76 a month on average, bringing the average monthly benefit to $1,358. The maximum Supplemental Security Income (SSI) benefit for individuals will increase by $47 a month, bringing the maximum monthly benefit to $841. A 5.9% COLA sounds pretty generous, considering that Social Security benefits increased by just 1.3% in 2021. But as prices for everything from groceries to housing skyrocket, will an extra $92 a month really be enough for the average retiree? Why a 5.9% COLA Isn’t Great News If you receive Social Security benefits, you may find that an extra $92 a month doesn’t stretch very far. Soaring inflation is t...
Post a Comment
Read more