Extra cash from a new job? Think about life insurance!

If you’ve gotten a new job recently, that’s a great time to think about getting a life insurance policy.

It may seem weird to think about life insurance if you’re under 30 and more worried about paying rent than providing for a family you might not even have yet. But that’s one of the great ironies of life insurance.  It’s cheapest to buy and easiest to qualify when you’re young and healthy.  If you wait until you’re 50 or 60, say, you might have health problems that keep you from getting an affordable policy.

Lots of employers provide a small life insurance policy as part of a benefits package.  But this is usually limited coverage–it’s probably going to top out at one or two times your annual salary.  That’s not nearly enough, according to experts’ recommendations.

Take a close look at your new job’s benefits package.  If they offer life insurance, take a look at the dollar amount it’s worth.  If it’s below $100,000, it’s probably not enough.  Remember, the purpose of a life insurance policy is to help your future family pay the bills when you pass away.  You’ll probably have a mortgage, and maybe a child’s college tuition to plan for.  (Scary, isn’t it?)  A $20,000 policy isn’t going to cut it when it comes to big-time expenses like this.

So while you’re figuring out how to spend the extra cash from your new job, splurge on a great bag or pair of shoes…and then get a free life insurance quote.  If you’re young, healthy, and don’t smoke, your monthly rates could be lower than the cost of a single night out to dinner! Your future family will thank you…and your rates will never be lower than they are now.  To give it a try, use the quote generator in the box on your right.

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