What is Term Life Insurance?


Posted on 28th June 2010 by Rita in TERM Life Insurance

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Term life insurance is known for being among the most affordable life insurance policies a person can purchase. The initial premiums are guaranteed and remain level for the term chosen. The terms typically vary from 5-20 years. Term life insurance is affordable because it does not accrue a cash value and only pays the death benefit. Therefore, the initial premium is much lower, allowing you to have affordable life insurance coverage.

Young, growing families with limited income and a high insurance need represent one situation where term life insurance works very well. This type of life insurance is used commonly as financial protection for loan repayment or post-death liabilities such as estate taxes or income replacement for surviving family members.

Purchasing a term life insurance policy is a smart option for individuals who are trying to financially protect their families. You will be promised level premiums throughout the life of the policy and the term coverage should give you peace of mind that you and your family will be covered.

Note: This blog is designed for general information purposes only. All information presented on this site should not be interpreted as legal advice and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information. For legal and tax advice contact your attorney or tax adviser.

Rita Sollie, Direct Insurance Representative with North Coast Life Insurance Company (NCL). No gimmicks or schemes here, just genuine and honest service. We don’t sell insurance, we solve problems. I welcome the opportunity to show you what NCL can do for your Life Insurance and Financial needs.
View INSTANT Term-Life Quote: www.insureyourfamily.com
If you prefer to speak with a local financial representative, call or email your request and you will be connected with a representative in your area.
Contact info: Phone: 800.541.5858 Email: rita.sollie@nclife.com or Live Chat below.

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