|
Why Term Insurance? Term life insurance provides life insurance coverage for a specified period of time. This may be a term that is determined by the length of a mortgage or until your children have become self-supporting adults and higher education expenses have been paid. Many people purchase term life insurance to provide income protection up to the time of retirement or until they fully qualify for Social Security, pension, and 401(k) distributions. Premiums
for term life insurance provide protection for the term of the
life
insurance contract. Once the policy is in place, as your needs
change, as rates change, you may reapply in the future. YOU
DO NOT HAVE TO KEEP THIS CONTRACT FOREVER, BUT ONCE IN PLACE,
THE COMPANY MAY NEVER CHANGE THE COVERAGE OR INCREASE YOUR COST. Your
life insurance needs will change in the future; so may your coverage. |
