Term Life Insurance Policy!
Term Life Insurance is a type of Life Insurance all to itself, there are two distinct types of life insurance policies term and permanent. Then in the Term Life category there are also a number of different types of policies that are designed for different need and uses for consumers.
Truly there are about four types of term life policies that you choose from the most popular is probably the level term life insurance policy. Then the emergence of a product called that actually gives you back your premium which is called return of premium life insurance. Followed by a couple of plans that are not purchased as much these days as they had been in the past most because of mortality expense and carrier efficiency. Annual renewable term life insurance and last but not least decreasing term life insurance otherwise called mortgage life.
Rates and premiums of the term life insurance policy you choose!
Cheap term life insurance policies and affordable rates and quotes are possible with every one of these types of plans, of course depending on final underwriting offer from the carrier that you choose. Make sure you choose a good agent, like the ones here at the PRO. We are experienced in helping consumers select the best plan whether it be a whole life, universal life or regular level term plan that best fits there needs. We will review the different types of plans with you to make sure you understand the coverage being offered and explain all the insurance definitions in your contract.
Remember what term life insurance does, it covers you for a specified period of time. This can be a long term like a 30 year term life insurance policy to cover a mortgage or a very short term say one to five years to cover a business need or loan. The beauty of this type of plan is that the premiums are very much less expensive compared to a permanent type of policy. We specialize in term policies here at the PRO solely for that fact, more consumers need the most affordable coverage as possible. Someday when you have an estate tax issue you may buy a permanent or survivorship type of policy.