Term Life Insurance provides a cheaper premium to get the most death benefit making it an excellent choice for most people. Term life insurance covers the policyholder for a specific amount of time, known as the term. The term lengths vary according to what the individual chooses. Term typically ranges from 10, 15, 20, 25, and 30 years, and premiums are usually level during this period. Some carriers offer Annual Renewable Term, coverage for one year a time with increased premiums each year.

If the policyholder dies during the term period, the beneficiaries will receive the face amount of the policy also known as the Death Benefit. The death benefit claims are usually tax free to the beneficiary.

Clients looking to protect their home and loss of income for their loved ones can find using Term insurance competitive in pricing to help meet their specific needs. Term insurance is also a good option for use in business planning.
Today’s term policies offer valuable riders such as disability, critical illness or injury for heart, cancer, stroke, and Chronic Illness. Some carriers offer 9 to 18 benefit triggers.
Some carriers offer conversion options that allow the client to go from term to perm without evidence of insurance. Keeping their excellent rating from prior and using attained age for premiums moving forward.