Term Life Insurance is typically the least expensive way to purchase a substantial death benefit because it only provides coverage for a specific period of time-usually 10, 20 or 30 years. Term Insurance provides a payment to your beneficiaries, known as a death benefit, if you die during the time period covered by your policy. Term Life policies are options if your Life Insurance needs change.
Help secure what your family values most. When you have sufficient Life Insurance coverage, your loved ones may not have to worry about finances in the event that you can no longer provide for them.
If your goals are to:
· Help pay a mortgage
· Help fund a child’s college education
· Help replace family income
· Help pay personal debts and final expenses
· Help pay for childcare costs