We’ve got a great licensed staff with over 30 years of experience who help people shop the market for the best term life rates.
Term Life Insurance is the simplest form of life insurance. It provides affordable protection for a specific period of time at a scheduled premium level. Premiums may increase at the end of the term.
Stock market prices have under-performed in recent years and life insurance is a safe way to diversify and provide added security.
Insurance benefits can help pay a mortgage, fund a child’s education and protect your business (benefits can ensure business continuation by helping to cover business expenses or fund a buy/sell agreement among owners).
You choose a coverage level, a term (usually five, ten, fifteen, twenty or thirty years) and name a beneficiary, that is, the person you want to receive the benefit if you die. If you die while your term life insurance policy is in force, the death benefit is paid to the beneficiary you chose, usually tax-free.
In this form, the premium paid each year remains the same for the duration of the contract. This cost is based on the summed cost of each year’s annual renewable term rates, with a time value of money adjustment made by the insurer. Thus, the longer the term the premium is level for, the higher the premium, because the older, more expensive to insure years are averaged into the premium.
We represent all of major term life carriers and only work with highest rated firms. If you’d like a free customized no obligation term life proposal, click here or call us toll-free at (866) 577-3620, we’d be happy to help.