Life Insurance for Every Juan

By:  Rich Juan, Poor Juan

Question:

Juan asks:

"I barely make ends meet. I have a lot of payables. I know I need life insurance, but I can't afford the ones that I see and are presented to me. What can I do?"

I understand what you mean and I know how you feel. Its difficult knowing you need something and can't afford to have them.

Don't worry, there are affordable solutions in the market that are available to us (and they are also the Rich Juans' best-kept secret!)

They are term insurances and whole life (cash value) insurances.

You have probably heard of them but thought or someone told you that they are not good. Well, that sales pitch isn't really accurate.

Remember the purpose of why you are buying life insurance. It is buying money that you need, and do not have yet at a cheaper price. Good life insurance is insurance that you can afford. So let me give justice to these whole life and term life insurances that have been very helpful to many but mostly nobody appreciates nowadays.

Term Life Insurance

This insurance gives us the highest protection possible at the cheapest price. Its that simple. It gives you life protection during the times you need the most -- when you have a ton of responsibilities to pay off. It stops when you don't need it and you choose to stop paying it.

Whole Life Insurance

This Insurance also gives the highest protection possible but with a longer period. If you choose to stop paying, it gives you the option to stop your protection and get a portion of your money back (return of Guaranteed Cash Surrender Values) or retain your protection but with a reduced coverage (without paying any more premiums).

One of the companies that provide these types of insurance is Paramount Life and General Insurance Corporation. They have been servicing families and institutions (both government and private) for over half a century.

If you want to know more, send us a message.