Term Life Insurance Rates are at an all time LOW!!! If you currently have a term life policy, grab your bill, give me a call 800.240.3390 and see how you could potentially save some $$$. Washington State, Oregon, Idaho, California.
Why buy term life insurance instead of other types of life insurance.
Simple answer is because term life insurance is the purest and simplest form of life insurance. If you pay the premium “the company” will pay the death benefit. And as long as your term life policy is a level policy your rates will not increase in the term policy, they will stay the same for that same term. Term insurance coverage is not just less expensive than a traditional whole-life policy. It’s substantially less expensive. For example a 35 year old male in the state of Washington can get a $200,000 20 year term polcy for around $12/mo. Whereas that same $12/mo. would buy about $1445.00 of death benefit. As you can see often, the difference in premium is thousands of dollars per year, and tens of thousands of dollars over one’s lifetime. Talk with your agent Brian Gruss today and see just how inexpensive a term policy is. Even if you already have a term policy, let’s take a look at it, right now term rates are the cheapest then they ever have been.
The Facts of Term Life Insurance
Term life has no cash value, so you can?t borrow against it or cash surrender it. If you stop paying for it, you lose it. Term life insurance provides coverage for a limited period of time, the relevant term. After that period, you may drop the policy or pay annually increasing premiums to continue the coverage. Term life policies do not have a cash value feature. This means that the coverage pays the face value of the policy during the specified term of the policy, which can be from one to thirty years.
Term life is best for those who need temporary coverage; for example, you may need to protect a business, cover a mortgage, or provide for a growing family in the event of your death. You may also be building some retirement assets which could make life insurance unnecessary once your family is grown and your bills are paid. Term life insurance is, quite simply, insurance that protects you for a specific period of time, or “term”. You pay your premium and if you die during the period of time that you’re covered, the insurance company will pay benefits to your loved ones.
Term life insurance is simple to understand, and allows for personal choice. You pay a (low) monthly premium based on the term length and amount of coverage you choose. Term life insurance lasts for a certain period of time normally 1 to 30 years. Ten years and 20 years are the most common terms.
Contact Brian Gruss today for a free Term Life Insurance Quote by calling toll free 800-240-3390 or by filling out the form below