Term Life Insurance
Term life insurance is one of the more common life insurance policies that most people purchase. It is a great way to provide safety and coverage for you and your family. This style of life insurance is usually set up with 5 to 20 year term insurance policy periods. After each term is over you have the option to renew the policy in one-year increments or create a new policy from that point in time.
If it is your first time purchasing life insurance then this is a great option for you. It is affordable and the premiums will never increase over the term of the life insurance policy. After the policy is over it does not pay in the event of the death of the insured individual. You must renew or purchase new life insurance coverage.
It can be a bit confusing to understand the differences between the different life insurance policies. If you contact us you will be connected with one of our knowledgeable insurance agents and they will help you better understand which style of life insurance is best for you and your family. One thing to realize about term life insurance is if you stop paying the premium then the actual policy will freeze and may not have the option of renewal.