What We Can Offer You
TERM POLICY
A term policy is a policy with a specific amount of years the client wishes to be covered for. They can range from 10 years all the way to 30 years. Term policies are not meant to be permanent, and they hold no cash value. They do not cancel, but premiums drastically increase at the end of the term. They can provide a great amount of coverage for a lower premium than other products.
FREQUENTLY ASKED QUESTIONS
What's the difference between Term Life and Whole Life?
While whole life and term life both have fixed premiums that never increase, whole life provides coverage for the rest of the insured person’s life, whereas term only provides coverage for a fixed period of time. Whole life policies also often include cash value that accumulates over time, while term life does not. However, term life has a substantially lower premium per dollar of coverage and there is typically more coverage available.
How affordable is Term Life Insurance?
Term life insurance is the most affordable life insurance product per dollar of coverage, which is why it’s often a preferred option for people who are just entering their prime earning years to protect against loss of income. In addition to the death benefit amount, factors that may affect the price include your age at the date of issue, gender, term duration, overall health, and tobacco use.
How are benefits paid out?
Death benefits are paid to the primary beneficiary or contingent beneficiary in full at the passing of the policy owner. Death benefits are non-taxable income.
