Term life insurance is a basic life insurance policy and usually offers a cost effective way of providing cover for most needs for a fixed period of time, typically, 5 to 25 years. Benefits are only paid out if the individual life insured dies during the fixed period, with all premiums paid up to date. After the fixed period, the cover ends and a client will need to take a new policy if they wish to continue to maintain cover. However, a client will be older and perhaps less healthy so expect a significant rise in the cost of premiums needed to pay for any new term policy. In some cases, an insurer will refuse a client cover due to a health or lifestyle issue, which is a risk of having term life insurance.
FOR MORE INFO. ON THE ABOVE: Please Request for a Quote. We will get back to you ASAP.
Term life insurance is a basic life insurance policy and usually offers a cost effective way of providing cover for most needs for a fixed period of time, typically, 5 to 25 years. Benefits are only paid out if the individual life insured dies during the fixed period, with all premiums paid up to date. After the fixed period, the cover ends and a client will need to take a new policy if they wish to continue to maintain cover. However, a client will be older and perhaps less healthy so expect a significant rise in the cost of premiums needed to pay for any new term policy. In some cases, an insurer will refuse a client cover due to a health or lifestyle issue, which is a risk of having term life insurance.
Term life insurance is a basic life insurance policy and usually offers a cost effective way of providing cover for most needs for a fixed period of time, typically, 5 to 25 years. Benefits are only paid out if the individual life insured dies during the fixed period, with all premiums paid up to date. After the fixed period, the cover ends and a client will need to take a new policy if they wish to continue to maintain cover. However, a client will be older and perhaps less healthy so expect a significant rise in the cost of premiums needed to pay for any new term policy. In some cases, an insurer will refuse a client cover due to a health or lifestyle issue, which is a risk of having term life insurance.
FOR MORE INFO. ON THE ABOVE: Please Request for a Quote. We will get back to you ASAP.
Term life insurance is a basic life insurance policy and usually offers a cost effective way of providing cover for most needs for a fixed period of time, typically, 5 to 25 years. Benefits are only paid out if the individual life insured dies during the fixed period, with all premiums paid up to date. After the fixed period, the cover ends and a client will need to take a new policy if they wish to continue to maintain cover. However, a client will be older and perhaps less healthy so expect a significant rise in the cost of premiums needed to pay for any new term policy. In some cases, an insurer will refuse a client cover due to a health or lifestyle issue, which is a risk of having term life insurance.
FOR MORE INFO. ON THE ABOVE: Please Request for a Quote. We will get back to you ASAP.
