Life Insurance

Life Insurance provides coverage for a specified period, typically 10, 20, or 30 years, offering a death benefit to beneficiaries if the insured passes away during the term. It's a pure protection policy with no cash value component, often chosen for its affordability and simplicity. We offer term life insurance as well as disability insurance as term life insurance is another valuable financial tool for income protection. We also offer burial insurance for loved ones in their time of need.

Life Insurance Features & Benefits

Term:  The length of time for which the insurance coverage is valid, typically ranging from 10 to 30 years.

Death Benefit:  The amount paid to the beneficiary if the insured person dies during the term of the policy.

Premiums:  Regular payments made to the insurance company to maintain coverage.

Beneficiary:  The person or entity designated to receive the death benefit upon the insured's death.

Renewability:  The option to renew the policy at the end of the term without undergoing a new medical exam.

Convertible:  The ability to convert the term policy into a permanent life insurance policy without additional underwriting.

Level Term:  A type of term insurance where the premium and death benefit remain the same throughout the term.

Guaranteed Renewable:  A feature ensuring the insurer cannot cancel the policy as long as premiums are paid on time.

Waiver of Premium:  A provision allowing the insured to stop paying premiums if they become disabled, while keeping coverage intact.

Exclusions:  Specific circumstances or conditions not covered by the policy, such as certain pre-existing health conditions.

Riders:  Riders refer to optional add-ons or enhancements to the basic policy, providing additional coverage for specific circumstances or needs.