Term Life

Low cost, important benefits

Is keeping premiums low your primary concern? Term life insurance can give you significant benefits at the lowest premiums. You simply select the “term” of the coverage — 5 years, 10, whatever you choose. It’s sometimes referred to as “no frills” coverage. It doesn’t give you bells and whistles, but can provide the protection you need.

One common suggestion concerning term is that you buy term and “invest difference” between the cost of term and that of a permanent policy.

Term life insurance may be right for you if you want:

  • Important benefits at a lower cost.
  • Coverage that can supplement a permanent policy or work policy.
  • Help making sure like a mortgage will be paid of something happens to you.

Term plans are available for short periods of time — one year for instance — and as “level” term which promises there will be no premiums increases for a period you choose.