Products & Services

Term Insurance

If you are looking for an inexpensive way to purchase life insurance, then term insurance may be your best option. Typically with term insurance you can purchase more insurance, death benefits, per dollar of premium paid because you are doing so for a set period of time. For example a married couple with children about to enter college may want to purchase life insurance to cover college expenses over a ten year period.  If the husband were to die during this time period, the policy term, the insurance would pay the beneficiary.In this way the family would not have to suffer financially, and the children could continue their education uninterrupted.

Term insurance works well as a means for providing replacement income. Once the term has expired the insured would either forgo insurance coverage or initiate a new term insurance policy. The premiums for a new policy would be based on current rates.

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