Showing Tag: "term life insurance coverage" (Show all posts)

Can You Increase Term Life Insurance Coverage?

Posted by hadley hadley on Friday, January 20, 2023, In : Life Insurance FAQ's 
No, you cannot increase the amount of life insurance provided by your current life insurance policy.

However, if you need more life insurance, you may purchase an additional life insurance policy to increase the overall amount of life insurance coverage you own.

But, you would need to apply for coverage and go through the entire underwriting process as you did when buying your original life insurance plan you currently own.

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What is a Life Insurance Coverage Term?

Posted by hadley hadley on Wednesday, January 19, 2022, In : Life Insurance FAQ's 


A coverage term for life insurance is the duration of time you have life insurance protection under a term life insurance policy.

The "Term" is the period of time your life insurance coverage will last.

Term life insurance policies offer temporary coverage lasting for up to thirty years.

However, you may be able to choose a "Policy Term" of 10, 15, 20, 25 or 30 years of coverage.

If you outlive the duration of your coverage, the life insurance protection expires.


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