What is Term Life Insurance?

what is term life insurance?

What is term life insurance?

Term life insurance is life insurance that provides coverage at a fixed cost for a certain period of time. After the term expires coverage is no longer in effect.

If the insured dies during the term of the policy, the face value (benefit) will be paid to the beneficiary.

Term insurance is the least expensive way to purchase a large amount of coverage for a specified “term” (typically 10, 20 or 30 year policies).

Term life insurance is the most “pure” type of life insurance policy. Different than whole life, universal life, or variable universal life.

Term insurance is not generally used for estate planning needs or charitable giving strategies but is used for pure income replacement needs for an individual.

Term insurance is used for such things as: family protection, consumer debt, dependent care, education for dependents, funeral costs, and mortgages.

MassQuotes recommends term because it’s much less expensive than other types of life insurance.

The Best Gift Money Can Buy

The Best Gift Money Can Buy

The best gift money can buy.

Term Life Insurance might be the most generous, least selfish gift a person can leave their surviving loved ones. In other words: it’s the best gift money can buy.

Life insurance isn’t for the person that dies, it’s for the people that live.

Life Insurance can be a great solution for financial responsibilities such as: family protection, consumer debt, dependent care, education, funeral costs and mortgages.

Nobody wants to talk about life insurance and, with MassQuotes, you don’t have to. Sit back, learn about life insurance, calculate your life insurance needs, rate different terms, with different face amounts, and find the policy that best suits you.

Term life insurance rates are extremely low right now. Obviously, the younger and healthier you are, the lower life insurance rates are. Let’s face it, term life insurance just might be: the best gift money can buy.

Term life insurance offers the largest face value for the lowest premium.

If you have a term life insurance policy already in effect, you may want to re-apply.

If you can get in a more preferred category, extend your policy term, and pay less money, then it may be worth the effort (application & medical exam etc.) to re-apply.

Please call or click to get a term life insurance quote or to discuss.