Term Life Insurance

Term life insurance provides coverage for a set period of time. It is often used to address a short-term protection need.  Many term life insurance products allow you to convert to a permanent product, offering lifetime coverage, such as Universal or Whole Life insurance.

The cost of term life insurance is guaranteed for the specified term period.  Following the guaranteed term period, premium rates will increase on an annual basis until the policy expires.  Due to the drastic premium increases beyond the guaranteed term period, most policyholders will not renew term contracts after the initial policy guarantees have expired. 

Term Life Insurance provides a very affordable solution to replace lost income due to an unforeseen or premature death.  It also helps eliminate any outstanding debts and is commonly used as a substitute in mortgage protection programs.

Unlike permanent life insurance plans, Term life insurance does not accumulate any cash value.  Some Term life policies allow for a Return of Premium feature to be added to the plan.  This rider will refund all premiums paid at the end of the premium guarantee period. 

Life, Health and Annuity Licensed in Alabama, Arizona, California (CA License #0G45450), District of Columbia, Florida, Georgia, Louisiana, Maryland, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina,
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