Life insurance 101
Sometimes it's hard to think about life insurance and it's
something that we easily put off. But if someone depends on
you financially, delaying it could be devastating.
Most people hesitate because we overestimate the cost of life
insurance. In fact, more than 50% of Americans overestimate
the cost by 300%1! Many believe the price tag to be around
$400, nearly 3x the actual cost of roughly $1502. Younger
participants (who often receive lower premium rates)
overestimate by almost 7x the real cost.
Buying life insurance doesn't have to be expensive, hard, or
massively time consuming. That's where Ensurely comes in. We
not only make the process easy, but we also work within your
budget and work swiftly by design.
Two types of life insurance 3
Types of life insurance generally fall into two categories: term life insurance and permanent life insurance.
Term life insurance
Term life insurance provides protection for a specific period of time (the term). This is often 10, 20 or 30 years, up to 40 years with Ensurely. Term life insurance makes sense when you need protection for a specific amount of time--for instance, until your kids graduate from college, or your mortgage is paid off.
Term life insurance typically offers the most amount of coverage for the lowest initial premium. This makes this type of life insurance policy a good choice for those on a tighter budget.
To learn more about term life insurance, connect with an Ensurely life insurance expert 
Permanent life insurance
Term life insurance provides protection for a specific period of time (the term). This is often 10, 20 or 30 years, up to 40 years with Ensurely. Term life insurance makes sense when you need protection for a specific amount of time--for instance, until your kids graduate from college, or your mortgage is paid off.
Term life insurance typically offers the most amount of coverage for the lowest initial premium. This makes this type of life insurance policy a good choice for those on a tighter budget.
To learn more about term life insurance, connect with an Ensurely life insurance expert
You might want a mix
Depending on your circumstances and financial goals, sometimes a combination of term and permanent insurance is the answer. To get an idea of the types of life insurance policies that could work for you, connect with an Ensurely life insurance expert.
Term life insurance typically offers the most amount of coverage for the lowest initial premium. This makes this type of life insurance policy a good choice for those on a tighter budget.
To learn more about term life insurance, connect with an Ensurely life insurance expert
1 Life insurance facts and statistics 2022 | Bankrate
2 Many Overestimate the Cost of Life Insurance | lifeinsurance.org
3 LifeHappens.org