Term Life Insurance

Term Life Insurance

Term insurance is straightforward, affordable and easy to understand. It is specifically designed to secure your family needs if an income earner dies unexpectedly. Term plans offer guaranteed protection for a specific period of time, and can help provide for a family’s loss of income, cover short-term debts and even help pay off a mortgage or fund a college education. While premiums for these level term policies remain level for a set number of years, after this time period the premium increases significantly, making the policy cost prohibitive. Most term policies have a built-in privilege to convert to a permanent policy regardless of any changes in the insured’s health.

Before purchasing Term Insurance, you may want to consider the following:
  • Term Life Insurance provides straightforward death benefit protection without a cash value accumulation potential component.
  • Should your needs change, you may be able to convert your Term Life Insurance policy to Permanent Life Insurance, giving you lifetime protection with the opportunity for cash value accumulation potential.
Guaranteed product features are dependent upon minimum premium requirements and the claims-paying ability of the issuer.


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