Term Life Insurance
Term Life Insurance provides the most coverage for the lowest initial cost. For example, a couple with young children and/or a mortgage might select term life insurance as an affordable way to obtain the full coverage they need today.
Term life insurance policies do a good job of meeting immediate needs and have level premiums for 5, 10 or 20 years. Coverage ceases for the majority of term contracts once you reach the age of 75 or 80.
Term life insurance may provide the option to later move or convert to a permanent life insurance policy without providing proof of health.
However, this ability to convert to permanent life insurance often expires around age 65 or 70. When purchasing term life insurance, you need to understand your conversion options.
The simplest & easiest temporary solution that provides your beneficiaries with tax free benefits:
- This is your most affordable coverage option – with access to quotations from all available carriers.
- Premiums are guaranteed for 10 or 20 Years or Life depending on the term you select.
- In most cases, you have the opportunity to convert to Permanent Coverage without additional underwriting, up to the age of 65.
- Plan flexibility allows you to increase your coverage as your needs change over time.
Term-To-100 Insurance
This type of insurance usually provides permanent coverage for the lowest possible premium rate. Premiums are guaranteed to never increase and plan coverage provides you with basic insurance protection that you cannot outlive.
Milestone Insurance can help you decide which life insurance policy best suits your needs. For a no obligation quote, click the “Get a Quote” button on the right, and one of our certified financial planners will contact you directly.