What is Term Life Insurance
Term life insurance is a contract between you and the insurer to protect your family in the event of your death. It provides coverage for a set period, such as 10, 20, or 30 years, usually from post-college years to retirement. At the end of the term, you can renew, upgrade to permanent coverage, or let it expire. The payout is guaranteed during the term as long as premiums, based on age, health, and life expectancy, are paid. Often, no medical exam is required, and you can apply online for potential approval within minutes.
What is Term Life Insurance
Term life insurance is a contract between you and the insurer to protect your family in the event of your death. It provides coverage for a set period, such as 10, 20, or 30 years, usually from post-college years to retirement. At the end of the term, you can renew, upgrade to permanent coverage, or let it expire. The payout is guaranteed during the term as long as premiums, based on age, health, and life expectancy, are paid. Often, no medical exam is required, and you can apply online for potential approval within minutes.
SHOULD YOU GET TERM INSURANCE?
Term life insurance supports your family and loved ones during their time of need. It provides the necessary funds to cover expenses and debts you leave behind. If your family relies on your income, term life insurance is the ideal choice for you!
- Coverage for a specific amount of years.
- Family is secured in the event of your death.
- Typically more affordable than Whole Life Insurance.
10 to 35
$50K to $2M
18 to 60
SHOULD YOU GET TERM INSURANCE?
Term life insurance supports your family and loved ones during their time of need. It provides the necessary funds to cover expenses and debts you leave behind. If your family relies on your income, term life insurance is the ideal choice for you!
- Coverage for a specific amount of years.
- Family is secured in the event of your death.
- Typically more affordable than Whole Life Insurance.
10 to 35
$50K to $2M
18 to 60
Why you need Life Insurance
Financial Stability and Security: As the main provider, life insurance keeps your family financially secure and maintains their lifestyle after your passing. It covers costly funeral expenses, easing that burden during a tough time. It also helps pay off debts like mortgages, car loans, or credit card bills, so your family isn't left with these obligations.
Support for Children's Education: Life insurance can serve as a financial safety net for your children's education, ensuring they can pursue their academic goals without financial constraints. This provision helps maintain their future prospects and opportunities.
Estate Management: Leaving behind a sizable estate can result in significant estate taxes for your heirs. Life insurance can help cover these taxes, ensuring your assets are passed on without major financial losses. This ensures that your estate is managed efficiently and your heirs are not burdened with unexpected costs.
Peace of Mind: Having life insurance provides peace of mind, knowing that your loved ones are financially protected no matter what happens. This assurance benefits both you and your family, offering a sense of security and stability.
Why you need Life Insurance
Financial Stability and Security: As the main provider, life insurance keeps your family financially secure and maintains their lifestyle after your passing. It covers costly funeral expenses, easing that burden during a tough time. It also helps pay off debts like mortgages, car loans, or credit card bills, so your family isn't left with these obligations.
FREQUENTLY ASKED QUESTIONS
Term life insurance is beneficial in many ways, and the key is customizing it to your needs. Our agents will guide you through a quick and easy needs analysis to determine the right term for you.
Term life insurance serves multiple purposes:
- Income Replacement
- Covering Debt and Expenses
- Estate Planning
- Business Continuation
- And more
Whether or not you need life insurance depends on your individual circumstances and financial goals. Here are some factors to consider when deciding if life insurance is right for you:
Do you have dependents?
Do you have significant debt and financial obligations?
Are you the primary breadwinner in your household?
Proper estate planning after your death.
Do you own a business? How will your business continue after your death?
Do you have financial goals or retirement plans?
Health and Age:
The cost of insurance is fully dependent on your age and health. The younger and healthier you are, the less expensive it is.
The older you are and the more health-related issues you have, the more expensive it can be.
Yes, even if you are a stay-at-home individual, life insurance can still be relevant and beneficial for several reasons:
- Non-Traditional Income Contributions: Your contributions to the household are valuable and often involve tasks that would need to be replaced if you were no longer there, such as childcare, housekeeping, meal preparation, transportation, and more.
- Funeral and Final Expenses
- Debt and Financial Obligations
- Long-Term Planning
The amount of coverage you need is entirely based on your individual needs and current situation. Our agents will guide you through a quick and easy needs analysis to determine the right amount of coverage for you.
FREQUENTLY ASKED QUESTIONS
Term life insurance is beneficial in many ways, and the key is customizing it to your needs. Our agents will guide you through a quick and easy needs analysis to determine the right term for you.
Term life insurance serves multiple purposes:
- Income Replacement
- Covering Debt and Expenses
- Estate Planning
- Business Continuation
- And more
Whether or not you need life insurance depends on your individual circumstances and financial goals. Here are some factors to consider when deciding if life insurance is right for you:
Do you have dependents?
Do you have significant debt and financial obligations?
Are you the primary breadwinner in your household?
Proper estate planning after your death.
Do you own a business? How will your business continue after your death?
Do you have financial goals or retirement plans?
Health and Age:
The cost of insurance is fully dependent on your age and health. The younger and healthier you are, the less expensive it is.
The older you are and the more health-related issues you have, the more expensive it can be.
Yes, even if you are a stay-at-home individual, life insurance can still be relevant and beneficial for several reasons:
- Non-Traditional Income Contributions: Your contributions to the household are valuable and often involve tasks that would need to be replaced if you were no longer there, such as childcare, housekeeping, meal preparation, transportation, and more.
- Funeral and Final Expenses
- Debt and Financial Obligations
- Long-Term Planning
The amount of coverage you need is entirely based on your individual needs and current situation. Our agents will guide you through a quick and easy needs analysis to determine the right amount of coverage for you.
Contact Us
Available: Monday - Friday
9am - 6pm EST
Contact Us
Available: Monday - Friday
9am - 6pm EST