TERMdog.com, Digging up savings!

When you are drowning in debt…

that is when you need term life insurance the most. Here’s why…

During these trying economic times, many Americans are asking, “Where’s my bailout?”

The government now owns General Motors and has spent trillions of dollars rescuing AIG and banks like Countrywide, but it is still up to each of use to create our own family bailout plan.

Term life insurance is an essential part of your family’s bailout plan. When times are tough, that is when you truly need the essential safety net that life insurance provides.

Over many years in the insurance industry, I’ve counseled hundreds of families who were in debt. Some of them were having severe financial problems and even considering bankruptcy. One of the things I’ve learned is that when you are drowning in debt, that is when the need for term life insurance is the greatest.

When the economy is booming, many families have generous savings accounts, a number of investments including their 401k, stocks and bonds. Often, both spouses are working. They have plenty of equity in their homes and may have other assets such as expensive cars or fine jewelry that they can sell if necessary.

A family in that position needs term life insurance, but they are in a far better position than a debt-ridden family. They have good credit that can tide them over – at least for a short while — if tragedy strikes. They can raise cash or raid the savings account if they must, or take out a home equity loan.

All of those alternatives disappear when families are deep in debt.

When times are tough, one spouse may be unemployed. Jobs are hard to find in this economy, and good jobs are even harder to find. Families are less likely to have extensive savings. Their 401k accounts may already have been tapped for emergencies. If the breadwinner passes away, the loss of income combined with financial pressures can be catastrophic.

The debt-ridden family needs the safety net that term life insurance provides, more than ever. When times are tough, the relatively small amount of money spent on term life provides a world of security for your family.

We all know that we should have health insurance all the time, but especially when we are sick. By the same token, term life insurance is always important – but especially so when we are facing debt or financial problems.

Don’t delay – take this important step to protect your family by purchasing affordable, hassle-free life term insurance coverage today at www.termdog.com.

NAPERVILLE, IL–(Marketwire – September 22, 2009) – A revolutionary new process allows consumers to compare term life insurance costs online just as they would auto insurance — quickly, conveniently and in the comfort of their own home. Better yet, TERMdog.com promises that they will never sell consumers’ contact information.

Until recently, finding affordable life insurance online was very difficult. Websites promised “online term life insurance quotes” but did not deliver. Instead, they simply collected customer information and sold it to the highest bidder. Unwary consumers were besieged with annoying salespeople constantly calling, mailing and in some cases even knocking on their doors.

That has all changed with the introduction of TERMdog.com. The site checks term life insurance rates at more than 100 companies to ensure that customers receive the best prices. Rates can be up to 70% the price that consumers are currently paying. Results are customized for each buyer, taking into account the customer’s age, location, sex and other important factors.

Consumers are understandably intimidated by the process of locating affordable life insurance. While many websites have promised to streamline the process, none of them delivered until now. TERMdog.com eliminates the need for a buyer to contact dozens of insurance companies, get term life insurance quotes from all of them and compare price and coverage.

Even more important, using TERMdog.com ensures that consumers will never be hassled by high-pressure insurance sales techniques.

TERMdog.com is the brainchild of Naperville, Illinois insurance agent Michael Fry. After years in the insurance industry, Fry realized that the websites available to give consumers term life insurance quotes just weren’t good enough. They promised too much and delivered too little. That’s why he created TERMdog.com.

Michael Fry is a father of three who is active in his church and community events including Junior Achievement. For more interviews or more information see www.TERMdog.com or contact him at 630-393-6500.