Best life insurance sites. Is Term Life Insurance for You?, Ron Silva

Term insurance is the simplest form of life insurance. It provides temporary life insurance protection on a limited budget. Here’s how it works: Looking for term life insurance.

When a policyholder buys term insurance, he or she buys coverage for a specific period and pays a specific price for that coverage.

If the policyholder dies during that time, his or her beneficiaries receive the benefit from the policy. If he or she outlives the term of the policy, it is no longer in effect. The person would have to reapply to receive any future benefit.

Fast Fact: Four-in-ten people who purchased life insurance in 2016 purchased term life insurance.

Unlike permanent insurance, term insurance only pays a death benefit. That’s one of the reasons term insurance tends to be less expensive than permanent insurance.

Life insurance plans in usa

Many find term life insurance useful for covering specific financial responsibilities if they were to die unexpectedly. Term life insurance is often used to provide funds to cover:

College education for dependents

Would term life insurance be the best coverage for you and your family? That depends on your unique goals, needs, and circumstances. You may want to carefully examine the pros and cons of each type of life insurance before deciding what type of policy will be the best fit for you.

Several factors will affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Life insurance policies have expenses, including mortality and other charges. You should consider determining whether you are insurable before implementing a strategy involving life insurance. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.

Where can i get life insurance

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2019 FMG Suite.

Related Content

What is your plan for health care during retirement?

Your liability for damages that occur when a tree on your property falls on your neighbor’s property is not clear cut.

The chances of needing long-term care, its cost, and strategies for covering that cost.

Life insurance policy plans

rates-life-insurance.com

Posted by at 10:14PM

Tags: best life insurance sites, best site for life insurance quotes, mortgage life insurance, level term insurance quote, united life insurance, life insurance application, best life insurance, life insurance plans in usa, life insurance policy plans, where can i get life insurance

Overall rating page: 3.76/5 left 53462 people.

Comments

There are no comments for this post "Is Term Life Insurance for You?, Ron Silva". Be the first to comment...

Add Comment