When an agency reached out to me to write a post about affordable life insurance, I was eager to learn more about a reputable, cheap term life insurance option. When it comes to insurance (car, home, life, etc.), I prefer to pay the least amount in order to get the desired amount of coverage for my family!
As moms, we know that life can be unpredictable. That’s why it’s so important to have a plan in place to protect our families financially in case something happens. Within the last year, I have been to two funerals. One person was only 18 (heartbreaking!) and the other was a father in his early 40s.
I turned 50 last month, so both funerals were for people younger than myself. It really made me think of my mortality. I was just grateful that the father who passed away had taken out a life insurance policy before he became sick. Although money can’t replace a loved one, I know that it gave him peace that he could leave his wife and young child with a financial safety net.
Affordable Life Insurance for Families
Finding affordable life insurance can be challenging though – especially for families on a budget. That’s where Fabric by Gerber Life comes in. Fabric offers affordable term life insurance policies through an online application process. You can get a quote and apply for coverage in minutes, and there’s no need for a medical exam.
The actual policies are issued by highly rated Vantis Life, a Penn Mutual company. (Established in 1847, Vantis Life is the second-oldest mutual life insurance company in America.)
Here are some of the other benefits of Fabric life insurance for parents:
- Affordable: Fabric life insurance is relatively cheap. You can get a policy with a death benefit of $1 million for as little as $15 per month.
- Convenient: You can get a quote and apply for coverage online in minutes. You don’t even need a medical exam, so you can get quick approval.
- Easy to manage: You can manage your policy online at any time. Changes to your coverage, updating your beneficiaries and even paying your premiums can all be done online.
If you’re a parent looking for affordable life insurance, Fabric is a great possibility. You can get a quote and apply for coverage online today.
Additional Resources
Here is some additional helpful content for families who are looking for life insurance:
- The National Association of Insurance Commissioners has information about life insurance – including how to compare policies and find affordable coverage.
- The Consumer Financial Protection Bureau is also a website with information about life insurance.
- Life Happens is a nonprofit that educates people about the importance of life insurance. On their Real Life Stories page, they share true stories from individuals about how insurance benefits have helped to ease their financial burdens after losing loved ones.
- I also mention paying life insurance premiums in your budget in my 5 Personal Budgeting Tips That Will Help You Meet Your Financial Goals post.
I hope that this blog post has been helpful. Of course, be sure to do your own research to find the best fit for your family. My husband and I researched and bought term life insurance when we were newlyweds – over 20 years ago. I’m more than happy to pay that monthly bill for something that I hope we will never have to use!
