The following is a sponsored partnership with Ladder. Ladder has been featured on The Wall Street Journal, MarketWatch, Bloomberg, and more.
So many people skip out on life insurance, because they think it's too hard and too expensive.
According to Life Insurance Awareness Month facts (from September 2017), around half of the people in the U.S. do not have life insurance. And, those who do have life insurance typically have much less coverage than they need, at an average of just $168,000.
Many of the people who do have life insurance, just take what is given by their employer. Let me say, that life insurance through work is not all that you need!
I highly recommend getting life insurance outside of your workplace – so that you can get the right amount (life insurance provided by your employer is usually a very low amount) and you're still covered when/if you leave your job. Many people forget to look for life insurance after leaving a job that provided it, and then realize later that they didn't have life insurance that whole time. Due to the two reasons above, I am in favor of always having your own life insurance policy and being in control of it. [Read more…]