COVER YOUR FAMILY FINANCIALLY WITH TERM LIFE INSURANCE
You have a growing family, and the financial obligations that come with it; a mortgage, an auto loan and a college fund... In circumstances like this, a term policy might be an economical way to carry a large amount of life insurance.
What is Term Life Insurance?
Term life insurance offers level premiums for a specific period of time — generally 10, 20, or 30 years. The initial level premium tends to be lower than comparable permanent coverage. Proceeds may help your family financially if the unexpected happens, especially when there are major household expenses.
Generally, the shorter the term, the less expensive term coverage can be. While premiums remain level for the term period, they will rise if you decide to continue the coverage beyond the level premium period.
Term Life Insurance Benefits
-
Cover Major Expenses
In the event the worst happens, term life insurance can cover mortgage costs, auto loans, educational loans, childcare costs, or loss of income.
-
Option to Covert
While a Term Life policy does not offer a cash value, or cash growth, it does have the option to convert at any time into a permanent plan.
-
Lower Rates
Typically, a Term Life Policy costs the least, but offers larger amounts of insurance coverage benefits.
