Term Life
Life can certainly be challenging enough during the best of times but especially so after the death of a loved one. During these difficult times, you want to make sure your family has the resources to pay off any funeral/medical expenses and move forward in the challenging days that lie ahead without worrying about money problems.
Term Life coverage is a low-cost alternative to whole life insurance that still provides your family with the financial security they need and deserve. In fact, Term Life Insurance typically offers the greatest level of protection for your investment but there is a catch.
With Term Life Insurance, you aren't "building cash value" like with a whole life policy. In fact, you are only paying for the amount and duration of coverage you need. For instance, if you wanted to make sure your family had enough to pay off the mortgage and send your kids to college in case something happened to you in the next 10 years you would look into a 10-year Term Life policy with the level of coverage you need.
If anything happens to you during the policy, your family would receive the full amount of the benefits that they could then be used for:
- Paying Off Any Medical/Funeral Expenses
- Paying Off Mortgage and Other Debts
- Financing College Education for Your Children
- Settle Estate/Transfer of Business
- Maintaining Standard of Living Despite Income Loss
Term Life Insurance is perfect for anyone looking for a low-cost alternative to whole life insurance while still providing financial security for their family during the term of the policy.