Jul 21, 2018
It's an inevitability; we all die. To hedge against the costs of dying, many invest in life insurance. The trick is to know when to buy it. If you're looking for life insurance quotes in California, read this before making any decisions.
Criteria for Life Insurance
There's none, really, but there are certain benchmarks that if you meet, you should seriously consider getting life insurance. At least, whole life insurance in California will help you offset your own funeral expenses and any other financial obligations you have at the time of your death.
Ask yourself why you want it (to build wealth, provide for family, ensure you leave no debt behind, etc.) Then, consider your situation and your state in life (do you have kids, are you young, do you have much financial risk, are you going through a major life event, etc.?) Finally, consider your age. Depending on the answers to those questions, you should look into getting life insurance quotes in California, even if all you're doing is trying to cover the costs of your funeral.
Who Needs Life Insurance – Some Scenarios
There are also strategies for using life insurance as a wealth building strategy, but that falls out of the realm of “should buy” and into “might be a good idea.” If you're looking into life insurance quotes in California, make sure you consider this list as you decide what type of policy you need or want.
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