TERM LIFE INSURANCE

The simplest and least expensive form of life insurance coverage is term life insurance. It provides death benefit coverage at a guaranteed premium for a specific period of time - usually 10 to 30 years depending upon which product you choose.

Since premiums are low as compared to other types of life insurance, term life insurance is ideal for new families seeking economical protection.

While term life insurance doesn't include the ability to accumulate cash value, it can help a family maintain its lifestyle, cover college tuition and pay off a mortgage in the event of the insured person's death. Request a quote.

Who should consider life insurance?

• Younger individuals and new families 
• Those seeking additional, inexpensive coverage to complement existing policies
• Someone seeking short-term coverage - for example, to qualify for a business loan

Key benefits: 

• Affordability - for younger policyholders, it's the least expensive life insurance coverage
• Low risk - you know exactly what you're getting with term life insurance 
• Adaptability - many policies allow you to convert to universal life or whole life insurance policy at a later date

How term life insurance differs from other life insurance policies:

• Provides protection only during the term of the policy, then the coverage ends 
• Offers a death benefit only; does not allow for cash value accumulation 
• Has a low premium that is guaranteed for a selected period. At the end of the stated guaranteed period, premiums generally increase significantly to keep the policy in effect.

Request a quote.