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Term Life Insurance – Do You Really Need It?

When it comes to life insurance, there are several factors to consider. Do you even need term life insurance? How much coverage do you need? What are the premiums going to be?

All of these are reasonable questions, and the answers will vary depending on your unique circumstances.

In this blog post, Powerhouse Insurance will discuss some of the key reasons term life insurance might be a good option.

What is term life insurance?

It is a popular option for those who wish to protect their families against financial burdens in case something happens to them. If you get term life insurance, you’ll have a safety net to help you pay your mortgage, send your kids to college, or take care of other critical matters if you are no longer alive.

A term life insurance policy is a contract between a person who holds the policy and an insurance company that says that the insurer will pay a death benefit to the policy’s beneficiaries if the covered person dies within the policy’s term.

When purchasing term life insurance, you must decide the term duration and the coverage amount.

How does this insurance work?

The yearly costs of a term life insurance policy stay the same year after year for a certain term length, such as 10 or 20 years. Unlike whole life and other forms of permanent life insurance, term life insurance terminates when the term expires. If you still require life insurance, you may be able to renew it, convert it to permanent coverage at a higher price, or purchase another policy.

Many people get term life insurance to replace their income. They’re seeking life insurance that would cover their family’s needs for a set number of years if the family member cannot work and make money.

Do you need term life insurance?

You may not need life insurance if no one financially depends on you, and your death would not be a financial hardship for your family. On the other hand, term life insurance may be appropriate if someone you care about will need money if you die.

If you are the provider in your family, you may select a time frame that corresponds to the years your family will rely on your income, such as the remaining mortgage payments. If you are a work-from-home or stay-at-home parent, you can seek term life insurance to cover things you now give for free, such as childcare. If you were absent, your family might have to pay someone to undertake these responsibilities.

You may opt for additional life insurance policies if you foresee your needs altering over time. This will provide you with additional coverage throughout the periods of life when you need it most.


Are you wondering if life insurance is worthwhile? The short answer is yes. Term life insurance is an easy alternative to secure your family financially.

Powerhouse Insurance in San Antonio simplifies term life insurance for you!

Our highly experienced agents are dedicated to assisting our clients with their term life insurance requirements by offering great service from beginning to end.

Apply now if you’re ready!