Get Life Insurance While You Can

One thing that really stinks about having chronic illness is that NO ONE will give me life insurance. About 6 years ago, Doug and I looked into getting life insurance. You have to fill out a ton of paperwork, and a nurse comes to your house to do a physical. Doug ended up getting the primo package, cheapest rate, all that good stuff because he is so healthy (Thank God).

I, on the other hand, couldn't get ANY life insurance. Which if you ask me, makes NO sense, because why do healthy people need life insurance? Anyway, there are two main types of life insurance, term life insurance, and whole life insurance. Whole life insurance gives you options of borrowing against your policy, but the premiums are usually higher than term life.

So what is term life insurance? These policies are for a specific period of time, say 10, 20, or 30 years. The good thing about term life insurance is that the premiums are usually fairly inexpensive. The bad thing is that once the term you've chosen is up, you get no benefits. So if you've paid life insurance premiums for 20 years and you never used the life insurance, you're out 20 years' worth of premiums. You can get a quote for life insurance, or just learn more about it at Spectrum Insurance Group. Their website is really easy to use, or there is a phone number you can call.

Regardless of what type of life insurance you choose, I HIGHLY recommend getting it, no matter how young or healthy you may be. Because by the time you have anything wrong with you, you either won't be able to get coverage at all, or it will cost you hundreds of dollars a month for minimal coverage. I speak from experience!