Yes! Term life insurance is an immediate need, even while you are working through the Baby Steps. If your passing would cause financial hardship for your family, having life insurance is an important way to protect them.
Term life insurance is typically affordable, so you do not need to wait until you are out of debt to get coverage.
As you pay off debt and build savings, your need for life insurance may decrease. We generally recommend a 10, 15, or 20 year term life insurance policy, depending on your financial situation.
Since your situation is unique, we recommend contacting Zander Insurance to explore your options. You can visit their website, call 800-356-4282, or email info@zanderins.com.