Term Life Insurance

Term life insurance is typically the most basic and affordable form of life insurance. It is designed to provide a guaranteed death benefit for a stated period of time, usually between 5 to 30 years.  Term life insurance is more affordable then permanent insurance but it will expire at some point.

Term insurance will only pay the death benefit if the client passes during the stated term period. If the client is still living when the level premium period ends and the client wants to keep the same coverage, the premiums will usually increase significantly.

Many term life insurance products may be convertible to permanent insurance without going through additional medical underwriting; however the coverage will vary by carrier.

Who is Term Life insurance suitable for?

Someone who wants a high amount of coverage with a lower premium

One who does not want a lifelong commitment

A person whom will have lower expenses at the end of the term

To get an idea of what term insurance may cost for you feel free to “click here”.

If you have further questions you can contact us and speak to one of our licensed professionals.