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Learn more about life insurance with these useful materials
 


Life Resources


Learn more about life insurance with these useful materials
 

August 3, 2017 // All Resources // Personal Finance

Is the Cost of Life Insurance Holding You Back?

Living life can be expensive. We all have important needs to cover, such as food for our families and transportation to get us to and from work. We also have costs in life that we don’t always think about, like taking care of pets and celebrating special events.

These “life costs” add up – and we might not even realize how much we’re spending. For example, dog owners spend an average of $1361 a month to take care of their pet. The costs of more “urgent” living necessities are even higher – the average person spends about $584 on food per month2!

How would your family cover these expenses if you’re no longer there?

A practical way to cover these expenses in the event something happens to you is by having life insurance. But is life insurance out of reach? Many people think so. In fact, most Americans overestimate the cost of life insurance by three times.3

In reality, life insurance can be a surprisingly affordable purchase to help protect your family. For example, a 35-year-old female in excellent health who has never smoked can get up to $100,000 in coverage for just $8 a month4! That’s about half the cost the average consumer spends on food per day2.

Life insurance can be a valuable part of your family’s financial security. Overlooking this important way to help protect your family could be a costly decision that could leave those you care about the most without the future they deserve.

Consider making life insurance another “essential” to help protect the most important parts of life. Get your life insurance quote at AAALife.com, or contact your local AAA Life Insurance Specialist at AAA.com/Agent.

 

 

 

1Fortune.com - NATIONAL DOG DAY - This Is How Much Americans Spend on Their Dogs - Aug 26, 2016
2Bureau of Labor Statistics, Consumer Expenditures - 2015. Aug 30, 2016
3Life Happens, Consumers Overestimate Cost of Life Insurance by Nearly Three Times – April 2012
4Rates are for automatic payment on a 10-year $100,000 term policy, 35-year-old female, best class for non-nicotine.

Premiums are guaranteed. They are level for the term period and increase annually thereafter. Premiums may vary based on your personal health history and underwriting guidelines. The answers provided to the health questions are used to determine eligibility for coverage. Not all applicants will qualify. Product and its features may not be available in all states. Coverage ends at age 95. Life insurance underwritten by our affiliate, AAA Life Insurance Company, Livonia, Michigan. AAA Life Insurance Company is licensed in all states except NY. CA Certificate of Authority #07861. This article is an outline of the coverage provisions and does not contain all of the benefits and exclusions. See policy for specific details of coverage. Traditional Term Policy Form Series ICC11-1201/TL-1201 (In OR: ICC11-1201). © 2017 All Rights Reserved

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