Term Life Insurance
- Are you a Mom, Dad or Breadwinner? Do your children and the people you love mean the world to you?
- Do those same people rely on you financially? If so, we need to talk about term life insurance.
Peace of Mind
Term life insurance can provide money for your family that will pay for funeral costs, cover the mortgage, replace your income, and even pay for college tuition. Life insurance provides peace of mind and financial security knowing that everything will be taken care of if something happens to Mom or Dad.
Are you being required to
purchase term life insurance? Often banks will require term life insurance as collateral to secure a loan. Judges sometimes require term life insurance as collateral for child support.
Term life insurance is usually more affordable than permanent life insurance because it provides death benefit protection without c
ash value buildup. Premiums are generally level for a selected amount of time. The most common are 10 year, 20 year and 30 year terms. Families with young children tend to purchase 20 year term insurance to provide coverage until their children are adults. Others choose a 30 year policy to cover a traditional 30 year mortgage. You choose the term and if you die before the term is over, your beneficiary receives the insurance amount.
Coverage can be issued quickly so contact Elwood Benefits if you need short, term life insurance
5 / 10 Year Terms
If this situation sounds like you, a 5 or 10 year term insurance policy may be more affordable and suitable. By purchasing a shorter term, this keeps the premium affordable while still satisfying your needs.
No Cost Exam
Term insurance quotes depend on several factors such as your age, gender, health, smoker or non-smoker, and amount of insurance you wish to buy. Usually there is an exam required, at no cost to you.
The exam can be done at your home and at your convenience. I usually reserve giving term insurance quotes to people before I know these factors, but I would be happy to discuss your individual situation and needs and provide you with a term insurance quote at that time