Term Life Insurance
Term Insurance is the most economical and purest way to secure a death benefit. Whether for Personal Estate reasons, to fund Buy-sell Agreements or to
secure repayment of a loan, term is the lowest cost vehicle. The more elaborate business arrangements and sophisticated estates might do better with
permanent cash value policies. However, term insurance remains as the life insurance vehicle of choice for most. It is interesting to note that over 70%
of term policies lapse or expire without having a claim. Perhaps this is a factor in the rock bottom pricing of these policies. Term, is as it's name
implies, provides a death benefit for a specific pre-determined amount of time. The trick is to know when the applicant will expire. Short of that,
always buy the longest period possible.
Types of Term Policies sold include:
- Level Premium with level Death Benefit
- Level Death Benefit with increasing Premiums
- Decreasing Death benefit with level Premiums
Premiums have continued to drop as life expectancies have trended longer. We operate on a "Best Contract Best Price" philosophy. That being said, know
that the often advertised ultra low rates are often illusionary. Only about 15% of the population will qualify for these Ultra special preferred rates
due to medical history or lifestyle issues.
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Important Note: This website provides only a simplified description of coverages and is not a statement of contract. Coverage may not apply in all states. For complete details of coverages, conditions, limits and losses not covered, be sure to read the policy, including all endorsements.