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

What Happens When Your Term Life Insurance Plan Expires?

Posted by hadley hadley on Tuesday, November 19, 2019, In : Life Insurance FAQ's 
If you have term life insurance protection you may be wondering about your options when your coverage ends.

Well, you have a few to choose form, but it really depends on what your situation is and if you still need life insurance protection.

  • You could go without any life insurance.
  • Buy a new life insurance policy, which would likely require you to take a medical exam.
  • Renew your current term life insurance policy, usually for up to ten years of coverage.

These are three of the most common options ...
Continue reading ...
 

What are Options When Term Life Insurance Policy Ends?

Posted by hadley hadley on Friday, February 23, 2018, In : Life Insurance FAQ's 

What are my choices when my term life insurance policy expires?

If you own a term life plan you may have a few options available when it expires:

  • You may let your coverage expire and go without any life insurance.
  • You may choose to renew your coverage for another term before your original plan ends.
  • You may choose to buy a new life insurance policy.

Keep in mind, if you need life insurance beyond the original term of your policy, it may be a good idea to renew coverage because if your health has c...
Continue reading ...
 

What to Do When Term Life Insurance Expires?

Posted by hadley hadley on Thursday, September 28, 2017, In : Life Insurance FAQ's 

What can I do when my term life insurance policy ends?

If you have term life insurance and your expiration date is coming up soon, you may be wondering about your options going forward.

It's important to consider this question before your current term life policy expires.

If you feel you have a need for continued life insurance coverage beyond the expiration date of your term insurance policy, you may want to renew your policy for another "term". Usually you can renew coverage for up to 10 years...
Continue reading ...
 

What happens when a Term Life Insurance Policy ends?

Posted by hadley hadley on Thursday, May 15, 2014, In : Life Insurance FAQ's 

Term life insurance is temporary coverage for a set period of time.

The term is the period of time that the premium and coverage is guaranteed.

If you have a term life policy and the guarantee period on it is expiring, you have a several options that may be available:

1. You can continue to pay the annual premiums as the term policy will be annually renew, however, the premiums will start to go up each year (based on age) by a substantial amount. That means each year you will ...


Continue reading ...
 
 

Tags

Blog Archive

Make a free website with Yola