Why Would You Buy Term Life Insurance?

Are you considering the purchase of a term (temporary) life insurance protection?

If so, you may want to learn about the most common reasons people buy term insurance.

Although term life is inexpensive, it does have drawbacks.

Term policies are temporary, and you may outlive your coverage, which means your policy expires with no payout if you are alive when the life insurance expires.

However, permanent life insurance can cost up to 5-10 times more than term life for the same amount of life insurance protection.

So, if you need life insurance that lasts for a period of 30 years or less, term life may be a good option for you. Learn more about why to buy term life insurance coverage.

 

There are many reasons to buy term life, including to pay off your mortgage loan, replace your income, or provide for your child’s college education.

Who Should Get Term Life Insurance?

I’m considering term insurance but who is really best suited for buying a term life insurance policy?

There are several scenarios where term life may be a good fit for you, including:

• Engaged to be married
• Married
• Married with children
• Own a home with a mortgage
• Starting a family
• Need life insurance for a period of 30 years or less

Term life offers the lowest priced coverage and flexibility of choosing protection that will last for a period of 10, 15, 20 or 30 years.

If you are on a budget, ned the most life insurance protection for your money, or need coverage for thirty years of less, term life may be right for you.

Learn more – Who should get term life insurance?

Why Should I Choose A Term Life Insurance Policy?

If you’re looking to buy life insurance to protect your loved ones you may want to consider term life insurance for several good reasons:

• It’s Affordable
• It’s Flexible
• It’s Easy to Understand
• It Fits Almost Any Budget

Term insurance is temporary life insurance coverage that lasts for a specific number of years. You may be able to choose a term of 10, 15, 20 or even 30 years to meet your family’s specific life insurance needs.

Term life offers the lowest prices on life insurance for a period of 30 years or less, which means you get the most life insurance for your money.

And, it’s easy to understand – You pay level premiums each year for the entire duration of your policy, if you pass away during the term of your policy, the beneficiary(s) you select receives the death benefit from your life insurance. If you outlive the term of your coverage, your life insurance expires with no payout.

Who Should Own a Term Life Insurance Policy?

Are you thinking about the purchase of a life insurance plan to protect your loved ones?

If so, you may want to consider choosing term life insurance.

But, who should own a term life policy?

Well, there are many people that choose term life insurance, buy most are looking for term life because they need the most affordable life insurance which will provide their family with the largest amount of coverage at the lowest cost.

So, if budget is a concern, term life may offer a good option for you and your family.

And, anyone who needs temporary life insurance for a duration of 30 years or less should consider term life. Request your free term life insurance quote

In addition, term life is easy to understand – you select life insurance for the duration you need and if you die during that “term”, your life insurance policy pays out a death benefit to the beneficiary of your choice.

Here’s how to get affordable term life insurance coverage.

 

 

What is Term Life Insurance used for?

Term life insurance is generally used to cover short-term life insurance needs that will last for a period of 30 years or less.

Term life can provide affordable life insurance protection for your debts, provide additional protection during child raising years, help provide for a family’s loss of income, and provide longer term protection to help pay off a big loan or debt like a home mortgage loan or college loan.

Since term life insurance is temporary life insurance protection for a term of 10, 15, 20 or 30 years, it costs much less than a permanent life insurance policy.

Many married couples, families, homeowners and those on a budget purchase term life insurance to give them the largest amount of life insurance protection for their money, during the years they most need life insurance.