Term Life Insurance
What is it?
Term life can be a great instrument to protect both business and personal financial assets in the case of an untimely death. This solution gives the insured the choice on duration and death benefit amount needed for the given situation.
Because term life will expire once an insured outlives the contract the price of this product is generally more affordable than permanent insurance.
Many life situations can trigger the need and want for this type of coverage. Protecting rent or mortgage, getting married, or having a child are all usually staple reasons why young people choose to personally explore this topic. Business partnerships and agreements can also generate the conversation around term life.
The process for obtaining this coverage has taken many advancements in recent years and can be done electronically in an efficient and timely matter.
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Finance Corner
Term life insurance is meant to mitigate risk, not create cash flow issues. Our team is equipped to show you how your term life insurance affects your financial profile or the financial profile of your company. Connect with us for a no-cost consultation on your term life insurance.