January 24, 2023

Life insurance is a valuable tool that can help protect your family in the event of an unexpected death. However, there are a lot of factors that life insurance companies will consider when determining your eligibility for coverage. If you’re currently unemployed, that could mean you’ll struggle to find a company that will approve your application.

What Is Renewable Term Life Insurance? When you get life insurance, you can rest assured that your loved ones will be provided for monetarily in the case of your untimely demise. A term life insurance policy covers the policyholder for a predetermined amount of time. The only time a death benefit is paid out on a