There are three things in the world that you cannot overlook: debt, taxes and family. As the breadwinner, you are responsible for the safety of your family, even if you are no longer there. The best way to do that is without a doubt a term life insurance policy that won’t burn a hole in your pocket.
Surprisingly, only 30% of Americans have insurance who will protect their family in case something happens to them. Countless people in the US want to buy life insurance but can’t or can’t for various reasons. The main reason is that some people don’t qualify for life insurance, and even those who are end up spending weeks and weeks on medical checkups, doctor visits, and background checks. With the pandemic raging, the process may be more difficult than usual given social distancing standards.
With a service like Clothing fabric, you can purchase term life insurance online, usually in minutes, provided you meet their criteria.
Do you need life insurance?
It doesn’t matter how old you are, if you have someone you care about, then term life insurance is for you. By paying just $14 a month, you can ensure that, in the event of your death, your loved one receives enough money to live comfortably.
Term life insurance pays for your children’s education, mortgage, loans, and even daily expenses in the event of an early death. For a clearer picture, a 20-year life insurance policy can work out well for new parents as their children’s futures will be financially protected until they graduate.
But before you consider buying insurance, get information about the period, premiums, timeline and payout. Fabric offers an intuitive app that allows you to purchase term life insurance with up to $5 million coverage in 10 minutes. by simply fill out a short online form you can:
- See if you qualify for term life insurance, along with the best term and coverage based on your health records and other parameters.
- Get personalized advice and assistance from their team of experts who are always on hand.
- Get the best insurance quotes, offering more for less.
After you have completed the questionnaire, you have the opportunity to adapt your policy to your taste. For example, younger people who have just started a family might opt for a 20-year life insurance policy with premiums as low as $14, while someone with older children may want coverage for a short period of time with slightly higher premiums. Insurance comes in all shapes and sizes, and it’s up to you to find the right one for yourself.
Instant approval process
If you qualify for term life insurance, you can be approved right away without having to undergo a medical test. Fabric uses their own technology to check your eligibility for “instant underwriting”. If the bots recommend a medical exam, don’t worry, your application will then be reviewed by human representatives to find out if there is a way to bypass the health check.
As far as life insurance providers go, Fabric not only gives you the convenience and comfort of applying for insurance directly from your smartphone, but also gives you a wide variety of options to manage your policy once you purchase it. Fabric has a wide range of flexible options, with a 10- to 20-year term and coverages from $100,000 to $5 million starting at $14 per month.
Their app provides a seamless experience, allowing you to manage and change your policies at any time. The app also has a section where you can manage your family finances and make a will so you can cross that off your night list!
Did you know that in the United States there are about $1 billion in unclaimed life insurance payments simply because people don’t know they’ve been named the beneficiary of someone’s insurance policy. That won’t happen with Fabric. The beneficiary of your policy is made aware of the details of your insurance as soon as you buy it, which ensures that they can get the money and that your savings do not end up becoming a “depreciable item” for insurance companies.
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