Usually, people choose to buy this type of life insurance because they are in between jobs, recently lost there job, or have lost the life insurance benefits through the employer and
need temporary coverage.
They are available for a minimum of 30 days, regardless of the number of days
you need temporary coverage.
Term life is best for those who
need temporary coverage; for example, you may need to protect a business, cover a mortgage, or provide for a growing family in the event of your death.
Not exact matches
During the middle of the 20th century term life insurance provided
temporary coverage while Whole Life insurance provided
coverage for those that
needed it to last a lifetime (or longer than 20 years).
Although term life insurance is oftentimes referred to as «
temporary» insurance, this type of
coverage can be a good alternative for those who want to ensure that the balance of a home mortgage is paid off, and / or for those who want to make sure that a child or grandchild has the funds they
need for college — even in the event of the unexpected.
If you have a
temporary need for additional life insurance above the current face value of your existing policy and want an affordable way to have
coverage, considering a term rider might be a solution for you.
When the
temporary need is replaced by a permanent one, this is an ideal way of keeping insurance
coverage without having to qualify for it again.
Providing accurate records of the cats you're caring for (i.e. rabies vaccination dates, when spay / neuter was performed, etc.), can help us keep track of populations, provide assistance with lost and found cats, and create a network for assistance with
needs such as
temporary coverage on feeding.
Therefore, this type of life insurance can be an ideal solution for those who have a limited budget and / or
temporary coverage needs.
A term life insurance policy from AIG may be a good option for those who are seeking
coverage for «
temporary»
needs.
This is
temporary coverage and once the term has expired, the insured will
need to re-apply for a policy at his or her current age and health condition.
Another type of
coverage you might buy as part of an earthquake policy would provide «additional living expenses,» money to cover the costs of
temporary housing and other basic
needs after a disaster.
But, generally speaking, term offers the greatest
coverage for the lowest initial premium and is a great solution for people with
temporary needs or a limited budget.
If you
need a high amount of
coverage, your
need for life insurance is only
temporary, and you are..
However, as author Tony Steuer states in his 2010 book, Questions and Answers on Life Insurance, «Term insurance is generally agreed to be an excellent short - term solution to a
temporary need for life insurance
coverage -LSB-...]» The number of reasons someone might require or opt to purchase
temporary life insurance are nearly as varied as the individuals themselves; from young people first asserting financial independence to entrepreneurs, from empty nesters with children in college, and a plethora of others, term life insurance may be just the ticket.
This way you can take care of your
temporary life insurance
needs now and convert it to a permanent product down the line, adjusting the
coverage amount according to your
needs.
Term is frequently purchased to cover a
temporary life insurance
need and is the most affordable type of
coverage.
Term is generally less expensive than whole life and serves to meet a
temporary coverage need, such as 10 or 20 years.
Term life insurance offers the greatest
coverage for the lowest initial price and is a great solution for people with
temporary needs or a limited budget.
Term life insurance offers several advantages including inexpensive insurance costs, policy affordability, protecting your insurability and solving
temporary coverage needs.
If your
need for health care
coverage is
temporary (12 months or less), consider purchasing a «short - term» plan.
Enjoy all the benefits of
temporary coverage, with one of the easiest ways to secure permanent, when
needed.
This type of policy can also be used for US citizens that are traveling to foreign countries and
need temporary medical
coverage.
If your
need is
temporary, or you missed an Open Enrollment deadline, and
need inexpensive major medical
coverage, a short - term plan is one of your best options.
Perhaps the simplest form of life insurance, term life provides
temporary coverage at an affordable rate for a variety of
needs.
If you have a
temporary need for additional life insurance above the current face value of your existing policy and want an affordable way to have
coverage, considering a term rider might be a solution for you.
It may be appropriate for
temporary coverage for
needs like:
Short - term disability insurance pays out much higher benefits than
temporary disability insurance, but neither provides the
coverage you might
need if a disability puts you out of work for a long time.
This type of
coverage is often considered to be «
temporary» life insurance protection, and it can be a good choice for people who are wishing to cover the unpaid balance of a mortgage or other similar
needs.
These can be applied for at the time a traveler
needs the
coverage when using a
temporary vehicle.
If you only
need your car to drive the kids to and from school, then you can take the
coverage off during the summer with
temporary Roswell car insurance.
If you want to wait for the government Open Enrollment Period (OEP), or if you
need coverage while waiting for an employer - provided plan or a life - qualifying event, you can also purchase short - term health insurance — a
temporary policy that can provide valuable stop - gap
coverage and peace of mind in the event of an illness or accident.
They are also well - suited to people who know for certain their
need for life insurance
coverage will be
temporary — in other words, they feel their surviving family members will no longer have a
need for the extra protection life insurance provides or that they will have accumulated enough liquid assets to self - insure.
Although it is considered to be «
temporary»
coverage, a term life insurance policy could be a good solution for a number of
needs, such as:
The
need for a
temporary replacement vehicle is typically on the heels of an accident that would have been covered under your auto insurance's collision or comprehensive
coverage.
It is ideal for situations where you
need to maintain
coverage for a
temporary time period.
Level term insurance should be used as a
temporary bridge that provides low cost protection during the period of
need but can be dropped or expires at the point when the
coverage no longer becomes necessary.
Also, if your
coverage needs are
temporary like mortgage protection or covering kids while they are dependents that are also a sure sign to get a term life insurance policy.
In addition, there are also Idaho car insurance policies which provide liability
coverage for teenage drivers, senior drivers and visitors who
need temporary insurance
coverage.
Term to 70 life insurance provides
coverage up to age 70 to help meet the
needs of families and business owners who have a
temporary need for life insurance protection.
If you have a
temporary need for additional life insurance above the current face value of your existing policy and want an affordable way to have
coverage, considering a term life insurance rider might be an excellent solution for you.
If you want to extend your
temporary auto insurance
coverage, all you will likely
need to do is contact your insurer and keep making monthly payments on time.
Non-owner liability policies also do not cover the physical damage to the car, so be sure and go through the checklist below, to see what
coverages you
need and want when you look for
temporary automobile insurance.
It should be used as a
temporary bridge that provides the low cost protection during the period of
need but can be dropped or expires at the point when the
coverage no longer becomes necessary.
Lack of insurance — If you are lacking insurance
coverage and
need to get some sort of
temporary coverage because you can not commit to a full term policy, then you should consider a 1 month car insurance policy.
It is commonly referred to as «
temporary insurance» or «renter's insurance» because most people keep term insurance for a short period of time and then drop the
coverage when it is no longer
needed.
Medical Insurance for Green Card Holders in the USA If you are a new US immigrant and entering to US for the first time, or a green card holder but living outside of US and visiting the US for a short duration, travel medical insurance can provide you the
temporary health
coverage you
need.
Since term life insurance is
temporary coverage for a specific duration, you will want to consider how long you really
need your life insurance protection to last.
It's a common question because many of us find our circumstances change over time, and the
temporary coverage you
needed years ago may not meet your current and future life insurance
needs.
This type of
coverage can be a good option for those who are wanting to cover «
temporary»
needs, such as the payoff of a mortgage balance.