Which is best for a low-income renter?
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.