Term life insurance is usually the easiest to understand: You select how much and how long of a life insurance policy you want. As an example, you choose $100,000 in coverage for 10, 20 or 30 years. Your premium is typically billed in monthly or yearly.
Term life insurance can be considered for those wanting:
- Assistance with family’s loss of income
- Cover immediate debt necessary
- Help offset a single earners salary while raising children
- Help paying a mortgage or covering college tuition
Benefits of a term life insurance policy:
- Fixed premium
- Set monetary benefit
- Terms of up to 30 years
Only you can decide if a Term life insurance policy is right for you. Talk to an agent in our office today to discuss you options. We offer many types of life insurance policies. Call today.