Stay Covered As Long As You Want
Term Life Insurance
If there’s something in particular you need to pay off in a given time period, you would likely be best off with term life insurance. Our term life insurance is the most affordable type of life insurance we carry because you pick a defined period of time you want to be insured for.
Contact us today to find out how we can help.
What Is Term Life and Who Should Get It?
Term life insurance is for anyone aged 18-80 who wants their life insurance to last for a defined length, whether it be 5, 10, 20 or 30 years. With term life, payments and benefits stay the same through the entire length of your term.
This type of life insurance is ideal for milestone time periods. An example would be that you want to pay off your 30-year mortgage, so you’d set a 30-year term life policy (or however many years of payments you have left).
Essentially, when dealing with big expenses that you can time, term life will be the most affordable option. If you were to want a policy that lasts your entire life, you’d need permanent life insurance.
You should note that term life policies cost less the younger you are, so the earlier you ask for a quote, the lower your price will be.
Protections and guarantees are subject to the claims paying ability of the issuing insurance company.
What Is Typically Covered by Term Life?
Term life insurance doesn’t cover anything in particular; it simply pays out if you were to die during your term. People usually get term life insurance to have a payout that covers:
That’s why term life insurance is useful for protecting large-cost needs for defined time periods that drop to smaller costs in the future (i.e. college funds or mortgage payments). It can also be used to work with a permanent insurance plan to add coverage during your highest need years.
If you’d like more help deciding if term life insurance is right for you, please request a quote to speak with one of our agents.
As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life
insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs.