Term Life Insurance
Just what exactly is Term Life Insurance? Basic term life insurance is an invaluable resource for millions. Term life insurance provides protection for a specified period of time, delivering a benefit to the beneficiary in the event of death to the policy holder. Accidental Death and Dismemberment (AD&D) coverage may also be added to a term life insurance policy. Term life insurance is one of the most in-demand insurance policies available – 26 percent of U.S. households report that they would have difficulties meeting everyday living expenses if the household’s primary wage-earner were to pass away. Take a closer look at some of the available term life insurance coverage options.
- Straight Life Term Insurance is usually purchased in 10, 15, 20 & 30 year terms. Imagine having children wanting to go to college, having a 30 year mortgage, business loans and etc. These policies are usually the cheapest ways to protect your legacy to carry on
- Term Life Insurance with Living Benefits. Living benefits cover such things as Terminal Illness, Critical and Chronic Conditions as well giving the owner of the policies to use a large percentage of these funds prior to death to maintain their standard of living or help with expenses
- Guaranteed conversion to a whole life plan in specific approved circumstances or a standard feature with some Life Insurance carriers
- Premium waiver riders available
- Return of Premiums
- and more…
Term life insurance can truly be a lifeline for its beneficiaries. Don’t be without insurance coverage at the time when you need it most – ask one of our advisors about term life insurance coverage today.
