Term life insurance is affordable and straightforward.
It lasts for a specified period of time that you choose and it's a good fit for covering short-term debts and needs. During this term, your payment remains level and your family is protected.
Term life insurance might be right for you if…
You need affordable coverage for a specified period of time
You want to make sure your family can continue to afford to live in their current home even if you are no longer around
You have a temporary need to cover short-term financial responsibilities such as a car loan or credit card debt
You require additional coverage temporarily, such as during child-raising years
How Does Term Life Insurance Work?
Depending on the type of policy, term life insurance can offer fixed premiums for the entire term or life insurance on level terms. The death benefits can be fixed as well. Because it's affordable and the payments can stay the same, term life insurance policies are popular with young people just starting out, families and people who want protection for a specific period of time. For example, someone who wants to protect an income until retirement or while paying off a home mortgage.
Term life insurance doesn't accrue cash value like several other types of life insurance, but with many term policies, beneficiaries do receive the full face amount. For example, if a policy's face amount is $100,000, the beneficiary receives the full amount, pure and simple. Even better, the benefits paid by on a term life insurance policy are tax free, according to current tax laws.
There are several types of term life insurance policies available through Vantage Life including level, renewable and convertible. Click the blue button below and get your free, no obligation, term life quote today.