LIFE SOLUTION
Term Life Insurance
What you should know about term protection insurance
- Term life insurance is an affordable way to protect your loved ones by providing death benefits if you die while the policy is in force.
- You pay a fixed policy premium to the insurance company for a pre-determined period of years (typically 10-30 years).
- If you die during the policy term, the insurance company pays the policy benefits to your named beneficiaries.
- Policy benefits can be used for final expenses, paying off a mortgage or other debts, funding children’s educations, or for any other reason.
- Policies may be renewable at the end of the initial term for a new, higher premium, without having to provide evidence of insurability.
of Americans thinks life insurance is necessary
0
%
of adults have some type of life insurance
0
%
of them don't have adequate coberage
0
%
When you know you want to provide life insurance benefits to your loved ones in the event you die prematurely, it’s easy to find yourself confused by all of the different types of policies, and policy options, available. Term life insurance can be an affordable way to provide some financial protection for a specific period of time.
What is term life insurance
Term life insurance coverage is just what it sounds like: life insurance for a specified policy term. The coverage is in effect for a term of years that you choose up front, usually ranging from 10-30 years. If you die while the policy is in force, the insurance company pays death benefits to your named beneficiaries.