Term life insurance
Term life insurance pays a death benefit if the person insured dies within a specific period of time or before you reach a certain age. If you die within the duration of the policy, your beneficiaries will be paid the death benefit.
Key Features: –
Protection for a set length of time
Pick any duration of coverage period
Pick 5-year,10-year,15-year,20-year or up to 100-years.
Pay the monthly or annual premiums
Beneficiaries receive a tax-free payout.
Term policies can be renewed and Convertible.
Convert to permanent insurance without having to answer questions about your health
Lower initial cost than permanent life insurance
Term life insurance premiums are less expensive than permanent life
The payments you make are set for the term you choose and won’t change during that period.