Life Insurance – Term

Life Insurance – Term and Permanent

• Term – Most of our clients only need term life insurance.  Term is usually the most affordable type of life insurance and serves to insure you for a short period of time, such as 10, 20 or 30 years.

As you’ll read below, since life insurance is primarily used for income replacement, most people purchase the term length that most closely represents the amount of time left in their working career.  So if you think you will work 20 more years, a 20 year term policy may offer the exact amount of protection you need.A term life insurance premium simply charges you the least amount of premium for the most amount of coverage.  Your payments are guaranteed not to increase for the entirety of the term.  So 30 year term means your premiums are guaranteed to stay level for 30 years.