Term Life Insurance

May make sense for those with budget limitations, have large protection needs or have a temporary need.

 

What Term offers;

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Guaranteed death benefit for a fixed period*

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Fixed premium

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No cash value

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Coverage is for a certain period of time (term), usually for a specified number of years or to a specific age of the insured.

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Initial premiums tend to be lower but will eventually increase.

What's better, Term or Perm?

You know you need life insurance, but what kind? There's term life insurance and there's permanent life insurance. Two different life insurance policies, both offering valuable protection.