Sunshine Bloggers Discuss Affordability of Life Insurance

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Sunshine Bloggers voiced its opinion of the affordable nature of many life insurance policies in the wake of an August 29th Scoop San Diego article, titled “Getting the Right Life Insurance Balance”.

Following an August 29th Scoop San Diego article entitled “Getting the Right Life Insurance Balance”, Sunshine Bloggers voiced their opinion on the affordable nature of many life insurance policies—typically term life insurance policies, such as the policies provided by Maine term life insurance. Though many may consider life insurance a luxury in the face of financial hardship, life insurance is a core cog in planning for the future, ensuring that loved ones are able to maintain their standing of living and comfort after the death of an income-generating family member.

Scoop San Diego published an article on August 29th, questioning the United States’ troubling life insurance statistics. The author identifies U.S. citizen’s failure to purchase life insurance policies; 3 of every 10 citizens are not insured at all, while over 50% of those who are insured admit to being inadequately insured. Because September has been designated Life Insurance Awareness month, the author offered three possible reasons for the drop in life insurance purchases. The first potential reason concerns America’s economic climate; when times are tough, people tend toward letting all things that are not considered essentials go, including life insurance policies. The second postulated reason involves cost. Many Americans labor under a misapprehension that life insurance is far too expensive without actually looking into getting a policy quote. The third possible reason is simple: the author suggests that people feel overwhelmed by the multitude of options available when purchasing life insurance, and would prefer to avoid the hassle than have to deal with a complicated series of steps. The author closes with a simple line admonishing readers to actually check costs and work to find a plan that best fits their situation.

Sunshine Bloggers support Scoop San Diego’s assertion that life insurance is often misunderstood, particularly as it relates to cost and necessity. Life insurance is intended to replace income following the death of a home’s income-generator. It can also be used to insure the cost of a mortgage, funds for children’s’ college, and debt repayment. Though life insurance can be expensive, including Maine term life insurance, life insurance can also be quite affordable, as the Scoop San Diego article suggests, and can often be covered by going without one cup of coffee per week. For those concerned with the cost of life insurance, Sunshine Bloggers offers a simple challenge: sit down for thirty minutes one night, find a budget, and allocate a minimum of $40 for an insurance policy each month. Following a strict budget often frees up money that is spent on impulse items that could be better spent preparing for the unexpected tragedy of losing a loved one.

Scoop San Diego is an online publication devoted to offering news, columns, and classifieds to the San Diego area.

Sunshine Bloggers encouraged readers to thoroughly investigate life insurance policies, such as those offered by Maine term life insurance. Though a common misperception persists regarding the affordability of life insurance, many policies are designed to meet families’ basic needs at a monthly fee as low as $30. Though prices may vary, many agencies and policies are designed to help families with low budgets obtain some life insurance coverage. Given the importance of providing for the future, Sunshine Bloggers urged readers to consider foregoing going out to eat once per week and put the money saved toward a life insurance policy.

About SunshineBloggers:
SunshineBloggers is an online resource for environmental news and alerts, including articles focused on personal finance and lifestyle.

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