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"If You're Looking For Term Life
Insurance, You Must Shop Around!"


--by Jim Stone, (founder)

We at SixFold Security are committed to your peace of mind. If you have children or other loved ones who depend on you, term life insurance can contribute greatly to your peace of mind.

Most people should get term life insurance instead of a whole life policy. A whole life policy is like a combination between insurance and a retirement plan, and it's often not as good as either. Most people are better off keeping their life insurance separate from their retirement plan. They serve entirely different purposes. One is for living. and the other is for dying.

Term life insurance gives you what you need. It pays a death benefit that will help take care of the needs of your family when you can't do so any longer.

A this point most people have two main questions:
  1. How much coverage do you need?
  2. Which company should you purchase your term life coverage from?
A quick answer to the second question is that, first, you should find a reputable company that's going to be around for a while. And, second, you should then shop for the lowest rates.

I'll get into more detail about both questions in a minute, but I want to tell you about a wonderful way to save time getting quotes. Instead of getting quotes "one at a time" from each company, here's a free service that allows you to get quotes from many of the best large insurance companies at the same time. (Including Transamerica, Prudential, American General, MetLife, West Coast Life, Fidelity, Genworth, and AIG)

The form takes just a minute to fill out, and you'll get quotes from multiple places at the same time, so you can choose the least expensive option.

In fact, if you want to take a minute to do that right now, I'd understand. I'll wait :-D

 How Much Coverage Do You Need?


Two of the most popular options are $500,000 and $1,000,000. When you get quotes, you can generally just pick one value and stick with it. That will tell you how each company prices its coverage.

If you use $500,000 as your figure as you get quotes, and you decide later you want $1,000,000, or only $250,000, the more expensive companies will probably still be more expensive, and the less expensive will be less expensive.

To figure out what your family will need, consider how long they will live without being able to take care of themselves.

If you have children, you might want to make sure they have the equivalent of $50,000 combined for 15 years. Then you should probably get at least $500,000, and maybe even $1,000,000.

If you have a spouse who is working, and would need only a $10,000/year helping hand in case you died for maybe 25 years, then a $250,000 policy might suffice.

 Where Should You Get Your Insurance?

Rates will vary. If I told you to go with Prudential, based on what I saw a month ago, I might be leading you the wrong way, because maybe this month, MetLife offers better rates.

The best way to find the best rate is to get quotes near to the time you purchase your insurance.

And I highly recommend this time saving tool
to all SixFold Security Members:


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