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WHAT IS TERM LIFE INSURANCE?

 Term life insurance by definition is that insurance coverage for a period of time in specific. One of the biggest advantages of such plans is that they are more affordable than other types of insurance. However, most insurance companies allow conversion from term life insurance plans to permanent life insurance plans, and in general without the need of insurability evidence.

 With a term life insurance plan, the beneficiary receives a death benefit in case of the death of the insured in due time. There are several reasons as to why term life insurance plan is essential. Unfortunately, we have to think of what would happen in the event of our demise. Most things refer to financial matters. By having a term life insurance plan, we may guarantee that our family will be less occupied by concerns with such difficult moment. Itís a perfect way to ensure dues of your mortgage, for instance. Not to mention other issues such as funeral expenses that always represent a problem for the whole family. College education is also something to remember when buying a term life insurance plan.

 When a term life insurance plan expires, in general most insurance companies leave up to the policy owner to decide what to do. Thereís the option to renew the period of the policy, convert the policy to permanent or the option to terminate the plan. However, each company has some specific rules, so ask your insurance agent to get all the details of expiration. It is also important to stress out that if the insured does not die, the policy becomes null and void, and you donít receive any payout at the end.

 Fortunately, the internet is today a reliable source to research about term life insurance plans, insurance companies and also to get free quotes depending on the plan you are considering to buy.
 
 
 

Links

Calkins-Kramer Insurance
Term life insurance products from indepent agents.
http://www.calkinskramer.com/

Primerica
Life and long term care insurance. Part of CitiGroup.
http://www.primerica.com/

Health Life Insurance
Angelich Insurance Agency, offers long term care and life insurance.
http://www.health-life.com/



 

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United States insurance resources for find the perfect policy for your needs.
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