Here’s what you need to know about term life insurance.
When you get ready to buy life insurance, you know there are a few things you need to think about. What kind of inheritance do you want to leave your loved ones? How much will they need to cover your funeral? How can you use your policy to help them stay on track with financial goals? There’s another question you need to ask, too. How long do you want your policy to last? Finding the right term life insurance policy will help you answer that question.
Term life insurance is exactly what it sounds like – life insurance that lasts for a certain term. You might be wondering why on earth people would invest in life insurance that could expire before you do, but the answer is very straightforward. It’s significantly more affordable! For reduced premiums (when compared with other types of life insurance), you can protect your family for the next 10, 20, 30, etc. years.
Term life insurance is great if you know you have a certain season of life that needs protecting. Say, for example, you just took out a 15-year mortgage. Buying a 15-year term policy ensures that if you pass away during that time, your loved ones aren’t left with the burden of trying to pay off the rest of that debt without you.
If you want to protect your loved ones’ future against the unknown with premiums that are as affordable as possible, term life insurance is a great option.
To learn more about term life insurance and what it would do for you, contact Donald Weiss Insurance Services in Santa Monica, California. Our dedicated team can help you determine exactly what you want to get out of your coverage, helping you pick the right policy with the right term for your goals. Don’t be left with questions when buying this crucial coverage; call us today!