Term Life insurance is the least expensive type of coverage available, but still provides excellent protection.
Term has become the most popular types of policies because of it's flexibility and low cost.
Term Life is what is known as pure life insurance coverage.
This is because, unlike some other policies, where you pay more in order to have a savings account, with Term you're only paying for insurance coverage and nothing else.
You can buy several different types of Term.
These are as follows; Non-Renewable/Non-Convertable, Renewable, Convertible, Re-Entry and Deposit.
In addition to these, there are also Types of Term Life Insurance where the face value of the policy remains constant or changes.
These types of Term are Level, Decreasing and Increasing, which is sold only as a Rider.
The most common of these is a Level Term policy.
This is what you'll mostly see online when you get a Term insurance quote.
Level Term policies provide coverage for a stated period of time, such as 10 Year, 20 Year, 30 Year and provide the same constant amount of face value.
This means that if you buy a 20 Year policy for $100,000 worth of coverage, then that policy will have a constant face value of 100,000 for the entire 20 years that you own it.
It won't go up or down during that time period.
Term is recommended by many financial advisors as the "way to go" for buying protection for yourself or you family.
Go grab a free Term Life insurance quote right now and then talk to an agent about which policy might be best for you and your family.
Term has become the most popular types of policies because of it's flexibility and low cost.
Term Life is what is known as pure life insurance coverage.
This is because, unlike some other policies, where you pay more in order to have a savings account, with Term you're only paying for insurance coverage and nothing else.
You can buy several different types of Term.
These are as follows; Non-Renewable/Non-Convertable, Renewable, Convertible, Re-Entry and Deposit.
In addition to these, there are also Types of Term Life Insurance where the face value of the policy remains constant or changes.
These types of Term are Level, Decreasing and Increasing, which is sold only as a Rider.
The most common of these is a Level Term policy.
This is what you'll mostly see online when you get a Term insurance quote.
Level Term policies provide coverage for a stated period of time, such as 10 Year, 20 Year, 30 Year and provide the same constant amount of face value.
This means that if you buy a 20 Year policy for $100,000 worth of coverage, then that policy will have a constant face value of 100,000 for the entire 20 years that you own it.
It won't go up or down during that time period.
Term is recommended by many financial advisors as the "way to go" for buying protection for yourself or you family.
Go grab a free Term Life insurance quote right now and then talk to an agent about which policy might be best for you and your family.