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Term life insurance is
just what its name implies. It's good for a term of time - you rent it.
Then poof, it's gone. Term makes sense for young families on a tight budget, business owners
who need supplemental protection or anyone who needs insurance
protection for only a specified period of time. The problem for most people is
that they
need it for their entire life rather than a short period of time. For a long
term approach it's a risky idea. As you age, term life premiums increase
dramatically so
that if you live any where near
life expectancy you most likely will be unable
to continue premium payments. For the long haul, permanent insurance
can serve you better and provide benefits when they are needed. Waiting too long creates a higher premium
and lessens the chances of getting preferred rates or, in some cases, of being
issued coverage at all. You buy insurance with your health, you pay for it
with money. We will be glad to show you in detail why permanent life
insurance is a long-term better solution.
Term insurance serves a purpose.
Just remember.......it's like renting insurance.
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