Term Life Insurance

Term life insurance is coverage for a limited period. It is in most cases designed to cover temporary needs such as paying off a mortgage.

Term insurance is available in 5, 10, 15, and 20 year terms as well as to age 65, 75 or age 100.

The coverage usually ends at the requested term; however, there is a renewal option. The premiums will be higher upon renewal.

Term Insurance is like renting a an appartment. You pay rent and at the end of the lease you do not own the appartment.

At the end of the insurance term, depending on the type of policy, you may be able to convert your policy to a permanent form of life insurance.

While initially inexpensive the cost can increase significantly over time and clients that are insurance planning for longer term needs should consider either Whole Life or Universal Life Insurance Solutions.

	Pay off the mortgage or other debts   when a spouse dies leaving an asset   not a liability. Provide money for family to continue   living a similar lifestyle after your death. Pay off business loans or lines of credit   if a business owner dies.

Term insurance is ideal for families with large insurance needs but limited budgets.

To obtain a free Financial Needs Analysis Contact one of our Advisors or send us an email.

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