---
title: You Could Potentially Give Your Family $500k (for about $25 a month)
description: We earn a commission when you click links on our site. Compensation and in-depth research determine where and how companies appear on the page. Learn…
authors:
  - name: The Money Staff
published: '2020-11-20T19:31:51.000Z'
modified: '2020-11-20T21:36:11.000Z'
section: Insurance
word_count: 272
canonical: https://money.com/you-could-potentially-give-your-family-500k-stg/
type: Article
source: structured-blocks
---

![advertorial-Life-insurance](https://img.money.com/2020/08/GettyImages-1058428020.jpg)

***We earn a commission when you click links on our site. Compensation and in-depth research determine where and how companies appear on the page.*** [*Learn more*](https://money.com/page/disclaimer/) ***about how we make money.***

If 2020 has taught us anything, it’s that life is unpredictable. Financial Gurus always recommend being prepared for an emergency, but that advice is often misunderstood.

## **Simple wisdom is making a comeback.**

Everyone knows you need an emergency fund and experts recommend stashing away 3-6 months of expenses but there’s another simple piece of advice you might not have taken yet.

## **Your workplace life insurance coverage may not be enough.**

If you have a family, **experts often recommend 10x your annual salary**. So if you make $50k a year, that means $500k in coverage. Many workplace life insurance policies have coverage limits far below that.

## **The industry has changed.**

New fintech companies have disrupted the life insurance industry. Historically, many life insurance policies required trips to get blood drawn and days of waiting for results; not anymore.

[Bestow](https://money.com/pr/kda3f4ea3fa8?ap_referrer=https%253A%252F%252Fmoney.com%252Fyou-could-potentially-give-your-family-500k-stg%252F) is a website designed for those who value a quick application process (100% online!) and simple term life options. Start by entering your birth date, gender, height, weight, and zip code on Bestow, then get a quote in seconds and a decision a few moments after that.

Since Bestow is the only life insurance company that doesn’t require any medical follow-ups or getting contacted by an agent, you’re closer than ever to having affordable term insurance. Get excited.

## Fast, Free Quote

### Click your state to get started and see your Bestow rates today.

[View Rates](https://money.com/pr/xc8c08d773a9?ap_referrer=%2Fyou-could-potentially-give-your-family-500k-stg%2F&url=%2Fp%2Fbestow-life-insurance-review%3Fap_referrer%3D%252Fyou-could-potentially-give-your-family-500k-stg%252F%26pcuid%3Dxc8c08d773a9%26pd%3D1%26url%3Dhttps%253A%252F%252Flanterninsurance.sjv.io%252Fc%252F137710%252F2876175%252F8784%253Fsubid3%253Dtier2%26vertical_alias%3Dlife-insurance%26wafid%3D18406)

##### **\[1\] Source: Price and coverage amount was quoted from Bestow.com for a healthy 25-year-old male, as of 11/18/20. Approval is not guaranteed.**

##### **\[2\] Source: [https://www.johnhancock.com/ideas-insights/how-much-life-insurance-do-you-need.html](https://www.johnhancock.com/ideas-insights/how-much-life-insurance-do-you-need.html)**

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