Average Tax Refund and Life Insurance

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Posted on 6th April 2010 by Rita in Life Insurance

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Did you know that the average tax refund an American receives is around $3036

per USA Today Article

This had me thinking that one of the most common excuses I hear why someone does not have Life Insurance is the expense. When hearing the amount of the average American tax refund and knowing that you can save a bundle when you pay your Life Insurance premium on a yearly basis instead of monthly, made me wonder… Why more people are not taking advantage of this money saving opportunity and providing the protection for the ones they love the most?

To explain further – Term Life Insurance is the cheapest type of life insurance out there… and taking the average tax refund ($3036)… you would only be using a portion of that refund to pay for the premium on Term Life Insurance annually. So there you have it. Pay for term life insurance annually with your tax refund, means you have no premium payment due for the rest of the year and you feel no sting for having to make the yearly payment from your refund money. Plan for this every year and there will be no surprises for you in the future. Besides your family will be grateful that you thought of their needs.

Note: This blog is designed for general information purposes only. All information presented on this site should not be interpreted as legal advice and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information. For legal and tax advice contact your attorney or tax adviser.

Rita Sollie, Direct Insurance Representative with North Coast Life Insurance Company (NCL). No gimmicks or schemes here, just genuine and honest service. We don’t sell insurance, we solve problems. I welcome the opportunity to show you what NCL can do for your Life Insurance and Financial needs.
View INSTANT Term-Life Quote: www.insureyourfamily.com
If you prefer to speak with a local financial representative, call or email your request and you will be connected with a representative in your area.
Contact info: Phone: 800.541.5858 Email: rita.sollie@nclife.com or Live Chat below.

  1. Why Plan Ahead? « North Coast Life Insurance says:

    [...] I mentioned in last years post “Average Tax Refund and Life Insurance” the average tax refund was $3036. According to CNNMoney.com this has risen slightly in 2011 to [...]

    6th April 2010 at 11:47 am

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