Term Life Insurance
Written by Option Insurance Group on April 2, 2018 in Term Life Insurance

 

Term Life Insurance provides you with straightforward financial protection to your family in the event you die during your income producing years. It is the cheapest type of life insurance you can purchase, and it is a preferred choice for single parents and married couples with and without children.

You select a level coverage amount like $100,000, $250,000, $500,000, etc. You will also choose the policy term 10, 20, or 30 years. The insurance provider calculates your premium based on your age, current health status, the level of coverage you choose, and the policy term. If you die during the policy term, your selected benefit amount is paid to your selected beneficiary. If your policy term expires while you are alive, your premium may increase. Contact us for details.

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