What is life insurance?

It is the way that many of us are able to ensure our families and other parties that rely on us for financial support, will be OK if anything should happen to you. In the event that you die suddenly, it can offer a sizable tax-free payout to help them continue — plus some policies have benefits to develop up family assets. ¹

What is Term Life Insurance?

Definition: Life insurance that provides coverage for a specified term, typically from 10-30 years. If the insured dies within this period of time, then a death benefit is paid out by an insurance company to named beneficiaries.

Key Features:

Cost: Usually less expensive than permanent life insurance because the coverage is for a predetermined period of time.

Temporary cover: To financially protect you while raising children or paying off a mortgage, for example.

Stable Premiums: Throughout the term premiums never alter.

Best Term Life Insurance Buyer Guide

1. Assess Your Needs

How much coverage should you buy: Determine how many years of living expenses, mortgage payments and college tuition your heirs would need to maintain their lifestyle.

Term length – Select a term that corresponds with your needs based on family and other financial obligations such as until the children are old enough to be self-supporting or retirement

2. Compare Quotes

Even if you know of another way