AccuQuote Explains Why Life Insurance is Important for the Entire Family
AccuQuote, a leader in providing term life insurance quotes to people across the United States,
explains why life insurance is important for the entire family. The multi-carrier life insurance
brokerage and quoting firm provides examples of family members and their unique life insurance
Wheeling, IL (PRWEB) May 10, 2010 -- AccuQuote, a leader in providing term life insurance quotes to people
across the United States, suggests life insurance is important for the entire family. The multi-carrier life insurance
brokerage firm provides reasons why all family members can benefit from having life insurance coverage.
“A lot of people know that life insurance is important, but they think only for the breadwinner of the family,”
says Byron Udell, founder and CEO of AccuQuote. “This couldn’t be further from the truth.”
In today’s economic condition, it is common for both spouses to work in order to survive financially. Working
spouses each need a life insurance policy that is sufficient enough to replace their annual income for 10 to 15
years. Children can also benefit from having life insurance coverage at a young age.
AccuQuote provides the following reasons why all family members should have some type of life insurance
• Breadwinner – The breadwinner earns the majority of a family’s overall income. “If you’re the breadwinner,
you need enough life insurance to make sure your family is taken care of financially when you die,” says Udell.
The loss of a breadwinner’s salary could be devastating for a family’s overall financial future.
• Working spouse – Married couples share financial obligations; therefore, both working spouses need life
insurance coverage. “Even if you don’t make as much money as your spouse, your financial contributions make a
difference,” says Udell. “Ask yourself this question: Would your spouse be able to pay all of the bills on just one
salary?” Life insurance can help pay for some of