Which is best for a low-income renter?

  • July 17, 2021

The term “low-income” refers to people who earn less than $15,000 per year.

But the term also can be used to refer to those earning between $20,000 and $30,000, depending on which state you live in.

According to the American Housing Survey, one in three people who are considered low- or moderate-income are renters.

And according to a report by the Housing and Urban Development Department, one-fifth of the households in the U.S. are renters or roommates.

There are many different types of renters insurance policies, from short-term rental to long-term home ownership.

But most of the options in between are term life insurance.

Here are some tips on choosing the right policy for your lifestyle.