INDIVIDUALS & FAMILIES

Term Life Insurance

Many times, this is the most affordable life insurance.

What is term life insurance?

Life insurance provides a payout after your death to the people you designate as beneficiaries. It’s an important safety net if anyone depends on you financially. The life insurance payout can pay debts such as a mortgage, replace your income and provide college tuition funds.

Term life insurance is the least costly insurance for most people.

Compare Term & Whole Life Policies

Term life is sufficient for most families who need life insurance, but whole life and other forms of permanent coverage can be useful in certain situations.

Choose term life insurance if:

  • You need life insurance only to replace your income over a certain period, such as the years you’re raising children or paying off your mortgage
  • You want the most affordable coverage
  • You think you might want permanent life insurance but can’t afford it. Most term life policies are convertible to permanent coverage. The deadline for conversion varies by policy.
Policy features Term life insurance Whole life insurance
Choice of policy length  
Provides lifelong coverage  
Premium generally stays the same
Low premium  
Life insurance payout amount is guaranteed
Accumulates cash value  
Might be eligible for annual dividends  

Tip

Term Life insurance is a great solution for covering a specific need, such as a mortgage, car loans, and having a set amount set aside for education, if you have children who are not out of the house yet.

Kellie Reed
Insurance Services

Medicare and Health
insurance Plans

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LIC: CA OM58815

ADDRESS

PO Box 2598 Saratoga,
CA 95070

PHONE

Kellie Reed
Insurance Services

Medicare and Health
insurance Plans

SUBSCRIBE TO OUR NEWSLETTER

STAY IN TOUCH

LIC: CA OM58815

ADDRESS

PO Box 2598 Saratoga,
CA 95070

PHONE