I recently helped my daughter and her husband sign up for some term life insurance. They came to me expressing that they were not sure of how much to buy and who to buy it from. I gave them the name of my term life insurance company and two other companies’ names, because I was not sure who would be the cheapest.

They had come to me after having a very close friend pass, and he did not have any life insurance. His wife was having a really tough time with paying for all the funeral costs and she was probably going to lose her house also. She told my daughter and her husband that it is never too early to plan for your death and the most important thing that they could do for their kids, would be to get life insurance.

My daughter and her husband ended up using my agent to set up a no medical exam life insurance policy that they feel very comfortable with. They made sure to put coverage on not just themselves, but their kids also. I had never put life insurance on my children, but knew that they had made a wise choice. The cost of the no medical exam life insurance policy was a lot cheaper than they ever thought it would be. They wished that they had done it years ago.