Life Insurance

Term Life insurance provides coverage for a fixed period of time and typically may be renewed after the initial contract term expires. Term insurance is typically the least expensive and simplest type of coverage, but does not provide savings. The premiums are lowest when you are young and increase upon renewal as you age.

Advantages to term life insurance:

Affordable – The primary benefit of term life insurance is affordability. The cost of term life insurance is substantially lower than whole life insurance policies. The reason for the lower cost is that a payout is far less likely over a specified period of time.

Large Payouts – Compared to whole life, term life insurance policies generally have a much higher payout to the beneficiary.

Flexible Terms – With term life insurance you can build terms that fit your needs. You get to set the time period it will cover and the amount of the payout in the event of wrongful death. This makes it much easier to find a plan that can be built to fit your budget.