Plan
For Your Hopes and Dreams...
Preparing yourself and your family for the
future can be an unnerving task. But being armed with a little information can
help create peace of mind, confidence and security.
Term life insurance and how it can benefit you: Term insurance is generally designed to provide coverage for a
limited or set
number of years (i.e. house mortgage protection). Usually,
there is no
provision
made for cash values. It can be described as temporary
protection.
Some term insurance policies are renewable while others are not.
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Choose Security.
Quick
facts and benefits of term life insurance:
There are two common types of term insurance:
1. Decreasing term insurance:
Also referred to
as non-level term. The coverage amount of this policy is reduced each year. The death benefit or amount of
protection decreases annually. The premium remains level or fixed
for as long as the policy remains in force. It provides for
payment of debt that decreases after an extended period of
time such as a mortgage debt, automobile loan, or the purchase of a
boat.
2. Level term:
Provides for family income. It distributes a constant or
fixed amount of coverage for as long as the policy remains in
force. It is characterized by a level face amount and increasing
premiums. Should the person who normally
provides the family with income die, the family will not suffer
from financial hardship.
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More quick term life insurance facts & benefits:
- Usually amounts of insurance are $100,000
to $500,000+.
- Usually purchased to cover your mortgage balance or other
high debt obligation,
particularly during the child rearing
years. Proven benefits and reliability.
- Provides you with very affordable life insurance
for certain
periods like 10, 15 or 20 years with money saving results.
- The underwriting is usually
more extensive since the face
amounts are usually
higher.
- Most have level or guaranteed premiums during the term.
- Most term insurance has
guaranteed option to convert
to permanent insurance at attained age.
- Many benefit variations and options available.
- Most companies have multiple rate classes
if certain
health
conditions or situations exist.
- Term is NOT a final expense plan. Save money.
- Term life is cheaper which is why it has NO cash value.
- With term you buy insurance for a set
number of years.
- Visit our
#1 most
asked question page for clarification.
-
Get a free Term Life Insurance Quote!
A solution to create peace of mind and security:
- Protect your loved ones. Choose security and peace of
mind. - We have been in the life insurance market for nearly four
decades. We will be there when you need us most.
-
Get a free Term Life Insurance Quote!
- Or read about
other life insurance
options.
Confidence.
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provide
outstanding life insurance assistance.
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