Term Life Insurance Coverage
Life insurance, for many, feels like just another expense – until you really need it. But even if you have a budget that is steadfast, term life insurance can be a cost-effective answer to get the insurance coverage you need now at an affordable price.
Term Life can be a very affordable interim solution
People often delay purchasing life insurance because they think it is more than their budget can handle, and they often overestimate how much it will cost. However, term life can be an affordable way to get the coverage you need – today.Free Term Life Quote
Does Term Life Insurance make sense for me?
Begin by asking yourself whether your family would have enough to live on, pay off debts (including a mortgage and funeral expenses), and pay for costs to raise and educate your children if you were gone. Remember that when you die, your paycheck stops, leaving a significant difference between your expenses and assets. Fortunately, this is where term life insurance can help fill the gap.Free Term Life Quote
As you age, it gets more expensive to buy life insurance. Moreover, certain health conditions can make premiums increase – or worse, make it difficult to qualify for life insurance coverage at all. For the same price of a weekly specialty coffee drink, you’d be surprised at how much term coverage you could afford.
How Does Term Life Insurance Work?
Coverage with a term policy lasts only for a specific time period (often offered at 10-, 20-, or 30-year terms), with no cash value accruing. With once the term is over, the policy coverage (and required premiums) will end.
Also, consider adding policy riders that will allow you to access the policy death benefit in the event of a terminal illness or even convert a portion of your term policy into a permanent policy (such as whole life or universal life).
Our agents can help you estimate the amount of term insurance you might need. Consider buying the longest term you can afford to ensure that you have coverage for as long as you might need it.