Although Laurel, Maryland is a historic town, it is very young…at least in terms of its population. According to the 2010 U.S. Census the average age here is just 33.7 years old. In fact, 70% of us are 44 years of age or younger. That is good news, especially for those looking for term life insurance.
Term life insurance is insurance that covers the insured for a specific amount of years or “term”. It is often sold in periods of ten or twenty year terms. It is particularly valuable to cover a mortgage over the period of the loan. It is also very valuable in covering young families who need large amounts of life insurance. Since term insurance is generally less expensive the younger you are, the best age to buy term insurance is probably the age you are. It will likely only get more expensive.
Term insurance is less expensive than whole life insurance. This makes it an excellent choice for those who want to make sure that not only are their homes and debts paid for, but there is a large nest egg for those left behind. Often times they will want to make sure that a college education for any children is covered by their policy. As the years go by and the children grow up and mortgage gets paid down, the need for such a large amount of life insurance lessens.
If you are a part of Laurel’s youthful population, we invite you to see how affordable term life insurance can be. Contact us for a no obligation quote. If you are in the market for homeowners or auto insurance, you can get a comparative quote right online from our website.
As an independent agency, we search multiple companies for the right coverage at the best price for you. Contact us today and secure the future of your family.