Understanding Term Life Insurance - Get a Quote
Term life insurance, as the name implies, covers you for a specified period (term), but can usually be renewed or converted into a permanent policy at the end of the term. Premiums on term life insurance are pretty affordable, but they can increase when renewed. You can get it for periods of time such as 10, 20, or 30 years, until you reach the age of 65.
Why is term life insurance important? Because, in simple words, term life insurance financially secures your loved ones in case you die. But that’s not all it can be used for - since you can buy it in large amounts for relatively small premiums (initially, at least), it’s perfect for short-term goals as it offers coverage to pay off a loan or provide an extra safety net to raise your kids (if you have any).
Difference between Term and Permanent Life Insurance
Choosing policies can be pretty daunting - we know. But iLifeInsurance offers expert, unbiased insight into which policy is best tailored to you and your family’s needs. Contact them to compare, dissect, and buy the perfect policy.