Term Life Insurance
Term Life Insurance can provide very affordable insurance protection. It provides the flexibility to change the plan as your needs change.
Benefits of Term Life Insurance:
- Term Life Insurance is easy to understand and is a lost cost insurance option.
- Term periods range from 1 to 30 years.
- Flexibility to start insurance cover without a long term commitment.
- Premiums remain the same, so these plans are ideal to budget with.
Term life insurance is well-suited to meet, short-term protection needs for the lowest initial cost. You can purchase term life insurance as an initial step before purchasing permanent life insurance. Term life insurance does not accumulate cash value, meaning that unlike whole life insurance, you are not entitled to any of the money you paid in premiums. Plus, renewing an expired term life insurance policy can be very expensive depending on your current life situation when your term expires.