term life insurance coverage westchester ny
  • By Allan M Block Blogging Team
  • Posted November 29, 2019

Term Life Insurance Is Essential To Personal Financial Planning

Undoubtedly, term life insurance is the most affordable option for finan­cial protection in case of an early death. It has an end date that aims to coincide with retirement, meaning you may well outlive your coverage.

But if you think about all of the bills and debt that most people have in their working years, including col­lege loans, home mortgage, car loan, kids' college accounts, and medical costs (with higher deductibles than ever), it is easy to see why economic protection for your family is crucial.

Even if finances are tight, it is worth investigating the investment in term life insurance. For the cost of a night of pizza a month, you could ensure financial protection for your family. If you are concerned your health might make you ineligible for coverage, talk to your insurance agent. There are now options that do not require a medical exam.

For some, the idea of putting money into coverage you expect you'll never need feels like a losing proposi­tion. A newer option, called a "return-of-premium" term-life policy, may allay those concerns. It allows you to get back all the money that you paid in premiums at the term's end.

Your insurance agent can help you evaluate the best life insurance solutions for your personal situation and financial health. 

For more information or answers to your insurance questions, contact us at Allan Block Insurance Agency, https://www.allanblockinsurance.com, located in Tarrytown, NY in the heart of Westchester County, a key business district near New York City.  We write auto, home, renters, condo, co-op, personal, business, life and group insurance for clients locally and in NYC, CT, NJ, PA, MA and many other states. The Professional Agency with the Personal Touch.