Prepare for life’s unknowns!
Why life insurance is (even) more essential during a recession
For a lot of people, life insurance is something you get when life is good — you’re married, maybe you’re expecting, and you’re thinking about maintaining your family’s financial security if you passed away.
But what about when life isn’t so good? Should you take out a life insurance policy if you’re worried about losing your job — and with that, the income that you’d use to pay your premiums? Or even if you’re just being a bit more cautious these days. Where exactly does life insurance fit into a freshly tightened budget?
An affordable term life insurance policy is one of the best ways to protect your family in both good times and bad — because if there’s one thing we know about life, it’s that it can be unpredictable. That’s why life insurance is just as important during a recession as it is during a period of economic growth. In fact, it’s even more valuable to have your life insurance policy in place when times are bad. Here’s why.