Term life insurance is the most straightforward type of Life Insurance and the easiest to understand. It provides protection for a specified period of time and pays a benefit only if the insured individual dies during that period. Term Insurance is issued for varying coverage periods, but some common ones are 10-year and 20-year Term. Most consultants believe that term life insurance gives you the most comprehensive coverage for the premium you pay.
There are many different types of life insurance policies, all of which are designed to satisfy your varying needs. In most circumstances life insurance provides a way to replace the loss of income that occurs when someone dies.
It is a contract between the insured person and the insurance company that is providing the insurance. If you die and the contract is in force, the insurance company pays a specified sum of money, usually called a Death Benefit, free of income tax, to the person or persons you name as beneficiaries. The beneficiaries can usually use the proceeds with out restriction.
By simply providing us with some basic information, through a brief online application, which includes your contact information, you will be provided quotes. Your information will be kept private (see our privacy policy). Because each of us has different needs, a licensed agent from getHealthInsurnace.com or its affiliates will contact you to go over the best option, that tailor fits your particular needs.
