AccuQuote Suggests Taking on New Debt Increases the Need for More Life Insurance PR Web (press release)
26.04.10
Millions of Americans are affected by debt. In fact, the Federal Reserve revealed that outstanding consumer debt totaled $2.55 trillion in 2009. The need for more life insurance protection increases as more consumer debt is acquired.
“Whether it’s credit card debt, a home mortgage or a business loan, the more debt you are carrying, the more life insurance you need,” says Byron Udell, founder and CEO of AccuQuote. “You should have enough life insurance to cover your outstanding debts when you die so your loved ones can start over financially.”
Generally, in its simplest form, life insurance is a way to replace the income of a deceased breadwinner. However, the death benefit amount should include the sum of all outstanding debts in addition to 10 to 15 times the insured’s annual salary. Consumers in the market for life insurance can use a life insurance needs calculator to find the right type and amount of life insurance coverage based on their individual financial situation.
Source:
Instant Life Insurance Quote
Reader’s Question:
I don’t have too much time to search for my life insurance here in Massachusetts. Is there such as a thing as instant life insurance quote if I try and search for it online?
Michael
Springfield, MA
Yes, it is possible that you can get instant life insurance quote when you try and search for it online. Going online will not take too much effort and time, it’s fast, easy and convenient, and most of all, it can save you money. By just filling out an online form, you can be able to get instant life insurance quotes from different life insurance companies that would like to get your business.
Making phone calls to ask for life insurance quotes is quite difficult and driving from one life insurance agency to another is even more difficult. A person who buys life insurance would like to have an investment for their loved ones in the future should they pass away. And being aware that they can get instant life insurance quote by going online could be useful in making that tough decision without taking too much time.
Instant life insurance quote online is quite beneficial because you can be able to compare different quotes from various insurers with no hassles. When comparing online life insurance quotes from A-rated insurers, you can make appropriate and informed decision. Moreover, these instant life insurance quotes are for free and you can be able to avoid aggressive life insurance agents. Most of all, you don’t have to take a time off from your job in Massachusetts just to meet with a life insurance agent since you can shop online for an instant life insurance quote.
Tags: instant life insurance quote, life insurance, life insurance quote
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