With a mortgage and 2 young kids, this family chose to layer term insurance for 10, 20 and 30 years to cover liabilities and ensure income and education needs were met.
Standard rate:
$25.76 per month
Male, 44 years old, non-smoker, no serious health pre-conditions, Term 10 life insurance policy for $200,000
Standard rate:
$25.76 per month
Male, 32 years old, non-smoker, no serious health pre-conditions, Term 10 life insurance policy for $200,000 coverage
Standard rate:
$14.40 per month
Male, 44 years old, non-smoker, no serious health pre-conditions, Term 10 life insurance policy for $200,000
Standard rate:
$14.40 per month
Male, 32 years old, non-smoker, no serious health pre-conditions, Term 10 life insurance policy for $200,000 coverage
Standard rate:
$14.40 per month
More Protection
Term insurance is usually the least expensive life insurance option. The cost (paid monthly or annually) is less compared to permanent life insurance and most mortgage insurance protection.
More Flexibility
Term insurance is attached to the person(s) and not a bank or financial institution. In many cases, it can also be converted to a different type of insurance product in case your health or financial situation changes.
Best Value
Term life insurance is paid directly to the beneficiary, instead of a bank or specific institution (for example, the way that mortgage insurance is paid out). The recipient has complete control over how they utilize the death benefit.
More Protection
Term insurance is usually the least expensive life insurance option. The cost (paid monthly or annually) is less compared to permanent life insurance and most mortgage insurance protection.
More Flexibility
Term insurance is attached to the person(s) and not a bank or financial institution. In many cases, it can also be converted to a different type of insurance product in case your health or financial situation changes.