Term Life

Term Life | Whole Life |  Disability Insurance | Long Term Care

Term life insurance provides protection for a specific period of time. It pays a benefit only if you die during the term. Some term insurance policies can be renewed when you reach the end of the term, which can be from one to 30 years. The premium rates increase at each renewal date. Many policies require that you present evidence of insurability at renewal to qualify for the lowest rates.

The following points can help you determine if term insurance best suits your needs.

Advantages
� Initial premiums generally are lower than those for permanent life insurance, allowing you to buy higher levels of coverage at a younger age when the need for protection often is greatest.
� It�s good for covering needs that will disappear in time, such as mortgages or car loans.

Disadvantages
� Premiums increase as you grow older.
� Coverage may terminate at the end of the term or become too expensive to continue.
� The policy generally doesn�t offer cash value or paid-up insurance.

Bob Adams, CLU
Adams Insurance & Investment Strategies LLC.
P.O. Box 1855
Dover, NH 03821
Tel: 603.842.4333
Fax: 207.636.8200

Home | Personal Insurance | Investment Planning | Employee Benefits | Contact Us