Get peace of mind for you and your beneficiaries with Term Life Insurance
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Call: 954-306-3333
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Visit our office:
1515 N. University Dr., #207, Coral Springs, FL 33071
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Fill out a Quote Form online
Coverage Period:
Term life insurance provides coverage for a specific period, such as 10, 20, or 30 years. Once the term expires, the policyholder can choose to renew the policy, often at a higher premium, or let it expire.
Death Benefit:
The death benefit is the amount of money paid to the beneficiaries if the insured person passes away during the term of the policy. This amount is predetermined when the policy is purchased.
Premiums:
Term life insurance typically has lower premiums compared to other types of life insurance, such as whole life or universal life insurance. This is because it does not accumulate cash value over time.
No Cash Value:
Unlike permanent life insurance policies, term life insurance does not accumulate cash value. If the policyholder outlives the term, there is no payout, and the premiums paid are not returned.
Renewability:
Some term life insurance policies offer the option to renew at the end of the term, often at a higher premium. However, the ability to renew varies by policy, and it's essential to understand the terms and conditions.
Convertibility:
Many term life insurance policies offer the option to convert to a permanent life insurance policy without the need for a medical exam. This can be beneficial if the policyholder's needs change over time.
Term life insurance is often chosen by individuals who need coverage for a specific period, such as during the years when they have dependents or outstanding debts. It provides a cost-effective way to ensure financial protection for loved ones in the event of the policyholder's death during the covered term.
Term life insurance is a type of life insurance policy that provides coverage for a specific term, usually ranging from 10 to 30 years. It offers a death benefit to your beneficiaries if you pass away during the term of the policy. This means that if the unexpected happens, your family will receive a lump-sum payout that can help them cover expenses like mortgage payments, education costs, and daily living expenses.
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