Preheader

 

Get A Quote Client Portal Payments Contact Home Page
 


Auto Home Business Health Life
Home > Blog > Understanding Term Life Insurance
  • Main Menu
    • Home Page
    • Refer a Friend
    • Insurance Glossary
    • Blog
    • Employee Directory
    • Contact Us
    • About Us
    • Privacy Policy
    • Location(s)
  • Automobile
    • Automobile Insurance Home
  • Business & Commercial
    • Business & Commercial Insurance Home
  • Commercial Property
    • Commercial Property Insurance
  • Farm
    • Farm Insurance Home
  • Health
    • Health Insurance - Northwest Ohio
  • Homeowners
    • Homeowners Insurance Home
  • Life
    • Life Insurance Home
  • Motorcycle
    • Motorcycle Insurance Home
  • Recreational Vehicle
    • Recreational Vehicle Insurance Home
  • Renters
    • Renters Insurance Home
  • Umbrella
    • Umbrella Insurance Home
  • Watercraft & Boat
    • Watercraft & Boat Insurance Home
MONDAY, OCTOBER 2, 2017

Understanding Term Life Insurance

Understanding Term Life Insurance

Finding low cost life insurance can be a challenge. Term insurance is typically the most affordable type of life insurance because it covers a specific period of time instead of providing “whole life” insurance. If you’re young and on a budget, just starting out with a family, or even if you’re older and only have a limited need for life insurance, then term life insurance may be right for you.

Term Life insurance is simply life insurance for a specific term, such as 5, 10, 15 or 30 years. Many term policies and options are available to choose from, so this type of insurance can easily be tailored to your life insurance goals.

There are several important features of term life insurance:

·  It offers you great flexibility; you can buy a policy for a term that can range anywhere from a one-year renewable policy, to a 30-year term, or an age specific time in your life such as 65 years, among other options.

·  Term life insurance pays out non-taxable death benefits to the beneficiary.

·  Term life insurance premiums are considerably cheaper than permanent life insurance policies.

·  The amount of death benefit you choose is also very flexible; you can buy anything from a $5,000 policy to a $1,000,000 policy or more.

·  When you buy a term policy, the annual or monthly premiums you pay are fixed and guaranteed for the term of the policy. At the end of the term you will be given the option to renew the policy, at which time you can alter it to suit your changing needs.

·  Many policies also offer you the option of converting your term policy into a permanent life insurance policy such as a universal life policy.

·  It’s easy to get approval. If you are relatively young and in average health you won’t be required to take a medical exam. Most people simply have to complete a questionnaire to get approval. Even as you get older, medical exams assicaited with term life insurance are fairly simple and straight-forward. Taking the exam will typically save you money because the insurance company can more fully measure your health risks.

 

© 2017, Consumer Agent Portal, LLC.

TrustedChoice.com

Posted 1:18 PM

Tags: term life insurance, whole life insurance, affordable life insurance, permanent life insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2017
  • 2016

  • life insurance(6)
  • umbrella insurance(5)
  • motorcycle insurance(5)
  • umbrella(4)
  • renters insurance(4)
  • permanent life insurance(4)
  • winter driving(4)
  • term life insurance(3)
  • auto insurance(3)
  • distracted driving(3)
  • affordable life insurance(2)
  • dorm room theft(2)
  • teen drivers(2)
  • whole life insurance(2)
  • driving agreement(1)
  • steps to avoid a deer collision(1)
  • preparing your house for winter vacation(1)
  • watercraft insurance(1)
  • insuring teen drivers(1)
  • napoleon(1)
  • 8 steps to prevent frozen pipes(1)
  • kickoff party(1)
  • don't text and drive(1)
  • universal life insurance(1)
  • farm umbrella(1)
  • insuring grown kids(1)
  • landlord insurance(1)
  • insuring children(1)
  • personal article floater(1)
  • state auto insurance companies(1)
  • car accident photos(1)
  • winter vacation house(1)
  • liability coverage(1)
  • ranch insurance(1)
  • insurance claim(1)
  • farmowners insurance(1)
  • tenant insurance(1)
  • cell phone use while driving(1)
  • teen driving(1)
  • prevent frozen pipes(1)
  • frost insurance agency(1)
  • contacting agent about loss(1)
  • texting while driving(1)
  • prepping for winter(1)
  • life insurance stats(1)
  • short term life insurance(1)
  • cold weather driving(1)
  • using cell phone while driving(1)
  • state auto kickoff(1)
  • notify agent about claim(1)

View Mobile Version
View Our Latest Insurance News
more...
  Customized bike?
Make sure you have the proper coverage.     
                

more...

Home
About Us
Get A Quote
Customer Service
Make A Payment
Contact Us
Auto Insurance
Home Insurance
Business Insurance
Farmowners Insurance
Life Insurance
Health Insurance
Napoleon Office
PO Box 350
Napoleon, OH 43545
419.592.4476
Holgate Office
PO Box 367
Holgate OH, 43527
419.264.2051

Email us at frost@frostins.com
Social
How Can We Help You?
or call us at
Napoleon Office: 419.592.4476
Holgate Office: 419.264.2051
Get A Quote My Policy Location Blog RSS Feed Blog RSS Feed