Term Insurance

What is term life insurance?

Term Life Insurance is also known as a Rental insurance same like we are renting an apartment because it will not give money back during we pay premiums for specific term we have choose to protect your life. Term life insurance is very affordable in young age, easy-to-understand and it will give you flexible coverage by selecting the specific term for your life protection. Term Insurance is available for specific term like 5yrs, 10 yrs., 20 yrs., 30 yrs., up to age 65 yrs. and T-100 yrs. Your insurance costs are guaranteed for a specific period of time until it renews for another term. If you die while the policy is in effect, a tax-free payment will go to your loved one /your “beneficiaries”. And with most term policies, you can also convert your term coverage to permanent insurance during the specific term that you have to choose in the policy without any reconsideration of Medical Condition.  

Features of term life insurance

  • Provides death benefits
  • Easiest and most affordable life insurance to buy
  • Purchased for a specific time period, such as 5, 10, 15, or 30 years, known as a “term”
  • The term must be renewed if you want coverage to be extended beyond the term length
  • Can be converted to whole life insurance

Benefits of term life insurance

Because with term insurance, you’re generally just paying for the death benefit, the lump sum payment your beneficiaries will receive if you die during the term of the policy. With most permanent policies, your premiums help fund the death benefit and can accumulate cash value. You can contact us anytime so we will give you best quotes as per your best needs.