Term life insurance, which provides temporary coverage lasting up to thirty years or more is good for several reasons.
1. Flexible – You can choose from 10, 15, 20, 25, 30, 35 or 40 years of coverage to meet your family’s specific need for life insurance.
2. Affordable – Term life is more affordable for 30 years or less of coverage than any other plan. Permanent life insurance can cost 5-10 times more than term insurance.
3. Easy to Understand – Term life is simple, you have coverage lasting for your policy term, if you die during the term, the death benefit is paid out to your beneficiary, if you outlive the policy term, the coverage ends and there is no payout of any benefits.
Learn more about why term insurance is good for your family.
