Term insurance premiums
Term Life Insurance
Term Life Insurance is a low-cost way of providing maximum coverage for your family. Protection is provided for a limited number of years. The insurance expires without value if the insured lives beyond the policy period, usually 5 to 30 years.
Your premiums are guaranteed
Benefits of term life insurance:
Fixed payments -Your premiums are guaranteed to stay the same from day one, for as long as 30 years.
Option to upgrade to permanent coverage -At any point during the first ten years of your policy you can convert to a permanent policy -based on your original assessment-without having to undergo a new underwriting process.
term life insurance coverage you need and want
Common Types of Term Life Insurance:
Basic Term Life – Generally coverage is offered for a set period of time that provides your beneficiaries with essential financial protection.
Supplemental Term Life – This type of policy allows you to purchase additional protection as your needs change over time. Dependent, spouse or domestic partner coverage may also be available.
Dependent Term Life – Provides coverage for your spouse, civil union partner or domestic partner and eligible children.