Everyone has spent money on excess items, that we do not necessarily need to spend that extra money on. With a fraction of the cost, you can protect your family with a life insurance policy. As you can see in the chart below you can pay as little as $15 a month to protect your loved ones.
To put it into another perspective, we would like to share eight things that cost more than a term life insurance premium:
- Gym Membership: The average American spends around $50 a month for a gym membership. Which in turn, we often only use it a handful of times a month, if at all.
- Daily Coffee Run: On average, Americans spend an astonishing $92 a month on coffee. Everyone like caffeine, but there are smarter things to spend your money on.
- Clothing: A good, long-lasting pair of jeans usually costs over $50. How many pairs do you have?
- Cell Phone: As technology continues to develop, cell phone bills rise. We spend over $80 a month for our cell phone bill.
- Going Out To Eat: Do you spend $10 a day on lunch? It may not seem like a lot, but it adds up quickly. Americans spend thousands of dollars going out to eat each year, why not spend a fraction of that protecting your family?
- Entertainment: A date night or a family outing can become very costly. Ticket prices for anything are steadily rising, your fun night out can become expensive.
- Drinks: Everyone enjoys a good happy hour, but when drinks usually cost $10 or more, a fun social hour can add up quickly.
- Subscription Services: 84% of people underestimate what they pay each month for the different subscriptions they have. On average, people spend over $100 a month on media subscription services, such as Netflix, Hulu, Disney+, Spotify and others.
Many of these excess purchases cost triple of what it could cost you to ensure the hopes and dreams of your loved ones if the unimaginable happened. Check out this life insurance calculator to see how much you may need to fit your family’s needs.
After you figure out how much you need give R.C. Keller & Company a call to discuss your options. We have trained life insurance agents that will walk you through the process. R.C. Keller & Company has been serving the residents and businesses of Schaumburg, since 1910. We help protect what matters most to you.
****The rates shown in the photo are based on the insured qualifying for the Preferred Best underwriting classification and are not available to all insureds. Applications are subject to the underwriting standards of Pekin Life Insurance Company. Premiums are subject to change after 20 years.****