Term Life Insurance
Term life insurance is an affordable product that you should consider when planning for the future. Term life insurance provides your named beneficiary with an agreed-upon benefit amount if you die during the term that you paid premiums. Terms and benefit amounts vary based on your unique needs, age, and other financial considerations. These policies can typically be renewed without providing updated health information but the premium rates will be higher at each renewal.
Term life insurance provides your beneficiary with financial support to
• Replace lost income,
• Put towards a mortgage,
• Cover debts, and
• Help with child-rearing expenses.
Term life insurance policies are available in 5, 10, 15, 20, 25, and 30-year terms. The amount you should purchase depends on your personal circumstances. When selecting a policy amount, ask yourself questions like
• What is the total amount of debts or other financial obligations I want this money to cover?
• How long will my beneficiary need to replace my income?
• How long until my children are financially independent?
Things that are taken into account when determining your premium rate include
• Age and gender,
• Current health status,
• Nicotine and drug use, and
• Family health history.
We work with a variety of life insurance companies that offer flexible and affordable plans. We will help you determine which policy is right for you. Contact us
to learn more!