We know that for a lot of individuals, especially those who are just starting their careers, may not have a ton of extra discretionary income which they can use
towards purchasing a term life insurance policy or whole life insurance policy.
Most of our clients
today purchase a term life insurance policy with a death benefit large enough to pay off the mortgage and other debts, as well as providing income replacement for the insured person, should he / she pass away.
For certain individuals, it may be more prudent to
purchase a term life insurance policy with lower premiums for a fixed amount of time and take the difference in savings between the two policies and invest in different types of stocks, bonds and mutual funds which may lead to higher returns and a more diversified portfolio.
If you choose to
purchase a term life insurance policy from Kansas City Life and then decide you want to continue your coverage, you can convert all or a portion of your policy to permanent coverage with no proof of insurability.