Term life insurance is also known
as temporary life insurance because it is a contract purchased for a specific premium to provide coverage for a specific number of years.
It isn't required, but we strongly encourage you make your first payment along with your application in order to
obtain temporary life insurance coverage during the application / underwriting process.
In the following article we will define permanent life insurance AND offer various instances when it makes sense to choose permanent life insurance
over temporary life insurance.
These policies are more complex than
temporary life insurance because they have an investment component which allows the insured to use insurance for building wealth.
In addition, you may want to consider purchasing a separate term life insurance policy to provide any
additional temporary life insurance protection you need while you are young and have a growing family.
I am a firm believer that permanent life insurance products were never made to
fix temporary life insurance problems and that term life insurance is the answer to almost every common life insurance need.
The Term rider is an additional insurance rider that provides
temporary life insurance coverage for a specified number of years after which coverage provided by this rider will cease.
It's a renewable,
temporary life insurance policy with an affordable premium that is guaranteed to remain the same for the time period you select (anywhere from 10 to 20 years).
In the following article we will define permanent life insurance AND offer various instances when it makes sense to choose permanent life insurance
over temporary life insurance.
When shopping for life insurance, considering the cost of effective options provided
by temporary life insurance quotes may be the ideal way to protect your loved ones and provide financial security for their future.
Phrases with «temporary life insurance»