«National and International Insurance Agency»
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Benefits of our insurance:
WHAT IS TERM LIFE INSURANCE?
It’s all in the name. The “term” refers to a specific period of time that you want to be covered. So if an insurer approves you for a 10-year term, you’ll pay a monthly premium and have coverage through the end of the term (10 years, in this example). If you died during your term, your beneficiaries would receive a lump sum payment of the coverage amount.
WHO SHOULD BUY LIFE INSURANCE?
Life insurance is a way to help provide financial resilience for your loved ones in the event of your death. Remember, if you’re not there, your reliable income isn’t there either. The best candidates for life insurance are probably people who may not have large assets to leave a legacy to their family. If that sounds like you, term life insurance could be a useful tool.
HOW MUCH LIFE INSURANCE DO I NEED?
This is a personal choice that depends on many factors. How many people depend on your income? Do you have a mortgage? Will you finance your child’s college education? Take stock of current and planned expenses, and then consider how many years of income replacement you might want to leave behind to accommodate those expenses. Think of it as providing your family with a financial lead in case they find themselves without you.
WHAT ARE THE ADVANTAGES OF TERM LIFE INSURANCE?
Term life insurance is just one of many coverage options, but it does have advantages. Underwriting, or the process of evaluating your eligibility for coverage, is typically faster with term life than with whole life. The entire process takes literally a few minutes. Granting also does not require a medical exam, which many others do. And when it comes to finding the best rates, term life insurance offers a typically more affordable alternative to whole life, which can sometimes cost hundreds of dollars a month.
AT WHAT AGE DOES TERM LIFE INSURANCE END?
Your policy ends when your term ends. So if you have a 10-year term life insurance policy, your coverage ends after 10 years. Simple truth? Some insurers offer what is known as a «renewable term,» which gives you the option to add time to your policy for an additional fee.
WHAT HAPPENS IF I SURVIVE MY POLICY?
