Temporary/ Term Life
Maybe you've heard the saying "Buy term, and invest the rest" but is that the best option for you?
It COULD BE! If you're part of the 78% of the United States population often referred to as the "working-age" (between the ages of 18 and 64 years old) Term Life Insurance just might be a great fit! It's the lowest cost option available, it has coverage ranges of typically 10-30 years, and has evolved with "Riders" to add even MORE BANG for less BUCK! But, is it really the right fit for YOUR situation? You shouldn't be paying, even low cost, for something if it isn't what you and your loved ones need. And honestly, with the cost of seemingly EVERYTHING else shifting upwards, who can really afford that right now anyway?
DYING to know more?? Keep reading or just click the link in the banner above to schedule a time to talk to a state licensed coordinator. If you're looking to learn more about a permanent rate for long-term security with access to cash along the way, you should absolutely check out our info on Whole Life in the Insurance Menu above.
Okay, let's get back to the nagging question at hand, "Is Term or Temporary Life Insurance the best option for me?" And let's be real, unless you took weeks of courses, got licensed, and learned every bit of the small print for each company and all of their available options, how would you even know? Most of us regular humans have a grasp on the basics and know that the words "Term/Temporary" means it ends at some point down the road, right? But what else is there to know? Is all that hard earned money you paid into it just....gone at the end? Are there stipulations, restrictions, LIMITATIONS? Do you have to have the medical history of a 20 year old athlete to get qualified? Can it be accessed or used BEFORE you die? What kind of hoops need to be jumped through in order to get such a high payout for low cost? And the list of questions can go on for DAYS!!! We get it, and rest assured, WE GOT YOU! See, we DID in fact go through the courses and trainings to know which options work best for your specific end goals. And then we got state licensed as a promise to work with your best interest in mind.
Here are some key takeaways to help you decide if using Term Life Insurance is your best choice to reach your family's financial goals.
Term Life Insurance is Temporary-
Coverage options generally last for 10-30 years, then end.
Higher coverage amounts up to $2 Million.
Lower Monthly Payments can even be paid from savings.
Temporary Coverage often used to protect the mortgage of a family home, or a small business.
Medical Exams Not Required, no labwork or needles.
Return of Premiums possible when you survive through the policy term (based on state regulations).
Instant Decisions start coverage usually Day 1 as long as the application is filled out properly (which we help with) when submitted to the carrier.
Available for people age 18-75.
"Add-ons" called Riders add value to the policy, such as increasing the payout if the death is caused by an accident, etc.