Term
Life Insurance
Term life insurance is what most people are referring to when they talk about life insurance policies. You pay a premium and in return, the insurer guarantees to pay your beneficiary a lump sum of money if you die while the policy is in effect.Term policies are sold for specific lengths of time, usually between 10 and 30 years. Once the term expires, you stop paying premiums and the policy is no longer in effect.
Pro’s to Term Life Insurance
Affordable
Term is the most affordable life insurance you can buy.
Easy to Understand
Term policies are easy to understand. You don’t have to worry about hidden fees, exclusions, or risks.
Cancel Easily
You can cancel a term policy before it expires.
Con’s to Term Life Insurance
When the policy expires, so will your coverage. If you still want to be insured, you’ll have to either shop for a new policy or convert the policy into a permanent version, which can be expensive.
How To Get Started
If you decide to offer Term Life Insurance, we recommend talking to someone from the Premier team of experts. They’ll provide answers to your questions, and have tools available to support your new product offering.
Give us a call today and ask for a Traditional Life Specialist: 800-365-8208.