Have you ever wondered how you can get life insurance for free? I’m not talking about getting free life insurance from work. It usually isn’t enough. I’m talking about how to get free life insurance outside of work.
My wife and I have life insurance because with have two young children, a complicated net worth, and mortgage debt. Having life insurance will buy time for our survivors to sort everything out after one or both of us passes.
Because we have more assets than liabilities, we could technically self insure (not have insurance). However, the value of our life insurance insurance policies is actually worth much more than the stated death benefit.
Renewing our life insurance policies and creating death files have reduced our stress as parents. Please get on them if you haven’t done so already.
If you’re still dragging your feet, let me go through a thought process on how to get life insurance for free. The thought process might make you hate income taxes less. Further, it might also motivate you to make more money to better take care of your family.