Term Life Insurance is the most affordable way to secure coverage, especially with a specific financial obligation like a mortgage. With term insurance, you can lock in a death benefit for a set length of time, usually 10 to 40 years. The death benefit amount and length of coverage can mirror your initial mortgage or other loan obligations. Lastly, the premiums and the death benefit amount remain constant throughout the length of the policy and can be converted into a permanent life insurance plan without having to go through a new medical exam.
Simplified Issue Whole Life insurance is permanent insurance you can easily purchase without a medical exam. The policy will not expire, as long as the premiums are paid in full. Your cost and death benefit are guaranteed for the rest of your life.
Children’s Whole Life insurance is a unique product that can be purchased for children ranging in age from 14 days to 17 years old, at a fixed premium and with no medical exam required.
