TERM LIFE INSURANCE
Life insurance benefits give you a way to provide financial security for your loved ones, even after you’re gone. It helps remove financial uncertainty after your death, so you can be assured that you’ve provided for unexpected costs such as funeral expenses and final medical bills. Life insurance benefits allow you to pay off your debts and even provide for your children’s education.
Term life insurance is the most simple, straightforward, and affordable way to provide for your loved ones. It provides coverage for a specified time period, typically between 10 and 30 years. During the time period your rates and coverage remain the same, and your family is protected during that “term.” When you have term life insurance, you can:
- Help provide for a loss of income for your family
- Cover short-term debts
- Provide additional insurance during child-raising years
- Pay off a mortgage debt or help pay for a college education with longer term protection
Term life policies are convertible in the event you decide a whole life policy would be a better choice for your financial goals. Term insurance is an affordable solution for many young families who want financial security and peace-of-mind.