Term Life Insurance

Term Life Insurance is the least expensive and simplest form of life insurance on the market today.  Term life insurance is designed to provide a predetermined death benefit for a guaranteed period of time. This type of policy provides a monetary benefit to pay off debt obligations, final expenses, and income replacement.  Term Life insurance is underwritten to provide coverage for 1,5,10, 20, or 30 years. Policies may include the option of extending coverage beyond the initial term for a higher premium. As a general rule, longer term policies are more costly to the insured. Depending on the company, you may have the ability to add additional riders (options) to the policy.  These rider often times include a spouse or children’s insurance riders or a waiver of premium for disability.