Infinity Group: Term Life Insurance |
Term Life Insurance When you know you want to provide life insurance benefits to your loved ones in the event you die prematurely, it's easy to find yourself confused by all of the different types of policies, and policy options, available. Term life insurance can be an affordable way to provide some financial protection for a specific period of time. Term life insurance coverage is just what it sounds like: life insurance for a specified policy term. The coverage is in effect for a term of years that you choose up front, usually ranging from 10-30 years. If you die while the policy is in force, the insurance company pays death benefits to your named beneficiaries. |
Why Do I Need Term Life Insurance? |
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The number one reason for purchasing term life insurance is to provide peace of mind to your loved ones. If you were to die prematurely, would your loved ones be able to maintain their standard of living? Term life insurance can provide a cash death benefit that could be used to pay your final expenses, including the expense of a funeral service, a remaining mortgage balance, children's education expenses, or paying ongoing expenses after your death. |
How Does Term Life Insurance Work? |
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Like other types of life insurance, term life insurance starts with an application for coverage with an insurance company. Once a policy is in force with the company, you pay monthly, quarterly or annual policy premiums to maintain coverage. If you die during the specified policy term, the insurance company pays the specified death benefit amount to your named beneficiaries. |
Choose Infinity For Term Life InsuranceThere are a lot of insurance agents and brokers offering to sell you their own company's life insurance policies. Infinity is different. As a truly independent insurance provider, we have access to policies from over 30 different life insurance carriers. These options allow you to shop around and find the policy that works best for you. At Infinity, our clients always come first. We take the time to get to know each of our clients and understand their needs and goals before recommending any insurance solutions. We believe that helps us better serve you, because we're able to offer a variety of coverage options and solutions to meet your specific needs. |
Frequently Asked QuestionsWhat are the advantages of Term Life Insurance?One of the biggest advantages of term life insurance is its affordability. Insurance companies can offer lower premium rates for term insurance coverage than for permanent policies because the odds of death during the policy term favor the insurance company. Term life insurance policies are also a great way to maintain flexibility: you can adjust the policy according to your changing needs. If you realize more permanent coverage is a better option for you, most in-force term life insurance policies can be converted to permanent life insurance. Other advantages of term life insurance:
Of course, there are a lot of policies and policy options to choose from. When you're considering purchasing a term life insurance policy, you'll want to keep your financial situation in mind and select coverage that best meets your needs.
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We have access to over 30 top carriers, includingOur agents will take the time needed to understand your individual needs to align you with the best products at the best rates. |
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