I am considering getting one considering that I have a fairly new family. The toddler turns 2 in a month. I need money for mortgages and university for my toddler, just planning ahead. So I am really scouting my options right now
My wife and I pay $48tmonth for $1m coverage. It’s a must-have if you have kids and/or a spouse that depend on your income
I obtained $1,000,000 in term life insurance just prior to the birth of my daughter. Two years later, I was diagnosed with cancer, and it helped me cope to know that she would be cared for in the event of my death. I’m not insured, but I’m alright now.
It is definitely worth it. I have children who I want to achieve the best they can in life and therefore I don’t want to trouble them with unsettled medical expenses when I finally pass away.