Term Life Insurance
Term Life insurance provides the most amount of coverage for the lowest initial cost. Term insurance best suited for short to medium term needs, such as lifestyle protection for young families, mortgages, personal and business debts and business agreements.
Term insurance is available in a variety of durations such as Term 5, Term 10, Term 20 and Term 30. The premiums quoted are fixed for the term and then increase each subsequent term. For example, the premiums for Term 10 insurance increase every 10 years.
Most term insurance expires at age 80 or 85. In addition, most term insurance provides the policy holder with the option of changing to a permanent policy without any medical evidence before the age of 65 or 70. The major benefit to term insurance is full protection for minimal cost.
To obtain a no obligation Term Life Insurance quote, please click here.
