Affordable coverage when you need it, Offers flexible, convenient and affordable coverage,
Term life insurance is a contract between a policyholder and an insurance company that says if the insured person passes away within the time period of the policy, the insurer will pay a death benefit to the beneficiaries named on the policy.
Two things that we know are not avoidable are death and taxes, but most people prefer not to think about them. However, if you have dependents it’s important that you prepare, in the event that financial support is required. Life insurance benefits will help your family manage their day-to-day living expenditures by providing enough to cover funeral costs, final expenses, education plans, paying off mortgages, other debts, or whatever you want coverage for to make sure your loved ones are taken care of.
Life insurance doesn’t have to be a lifelong commitment. Term life is affordable coverage for your big expenses, so your loved ones are protected when it matters most.
It’s temporary coverage that provides the people or charities you name as beneficiary with a tax-free payout if you die within the term you choose.The money can be used to pay bills, the mortgage, kids’ education or to keep your business running.The payments you make, called premiums, are set for the term you choose and won’t change during that period.
How Does Term Life Insurance Work
This is a cost-effective coverage type, and is often used to protect mortgages. The plan you select should be renewable and convertible, so that in the future you have the option to change your coverage to a permanent Whole Life or Universal Life plan as your needs change.
Choose any term from 10 and 40 years. If you pass away within this time periodDisclaimer3, your beneficiaries receive your policy benefit tax-free.
Premiums and coverage are guaranteed for your entire term. Plus, you can renew your policy at the end of your term.
Premiums are typically lower than for other types of life insurance, making term life insurance a good option if you have a growing family.
Convert your policy into permanent or universal life insurance until you are age 71, without health questions or a medical exam.
In general, term life insurance is more affordable than permanent life insurance. There are a few factors that can affect the price of your policy, including:
If you decide you no longer need life insurance coverage, you can let your policy expire and go on without an active policy.
With most traditional term insurance products, your policy would automatically renew for the same length of time as the original term.
You may be able to convert to a term that is 10 or more years longer than your original term. Your premiums will increase gradually each year.
Choose this option if you want insurance that lasts a lifetime and may grow in value over time, with tax advantages. Your premiums will be based on the coverage you choose.
Shopping for term life insurance can mean being overwhelmed with options.
Coverage? term length? And how much should it really cost?
Understanding what options are available and what you actually need is important. Thankfully, we’ll give it to you straight. There are two main types of life insurance: term life insurance and permanent life insurance.
What does it provide?
How long are you covered
How can it help?
What's the cost?
Can it build cash value over time?
Protection for a set length of time
The length of time you choose
Usually more affordable than permanent life insurance
Usually more expensive than term life insurance
Protection and security for you and your family.
We will get you right coverage. Pay only for what you need.
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