Northeast Insurance & Financial Consultants
  • Home
  • Quotes
    • Quick Quote
    • Auto Quote
    • Homeowner Quote
    • Life Quote
    • Business Quote
    • Boatowner Quote
    • Commercial Auto Quote
    • Umbrella Quote
    • Condo Quote
    • Flood Quote
    • General Liability Quote
    • Renters Quote
    • Motorcycle Quote
    • Pollution Quote
    • Disability Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Contact My Carrier
    • Proof of Insurance
    • Customer Coverage Review
    • Free Consultation
  • Products
    • Auto Insurance >
      • Classic Car Insurance
      • RV Insurance
      • ATV Insurance
    • Life Insurance >
      • Final Expense Insurance
    • Business Insurance >
      • Commercial Auto Insurance
      • Insurance Bonds
      • Crop Insurance
      • Workers Compensation
      • Event Insurance
      • Pollution Insurance
      • Business Owners Package (BOP) Insurance
      • General Liability Insurance
    • Property Insurance >
      • Home Insurance
      • Condo Insurance
      • Renters Insurance
      • Flood Insurance
      • Earthquake Insurance
      • Landlords Insurance
    • Financial Planning >
      • Annuities
    • Motorcycle Insurance
    • Boat Insurance
    • Umbrella Insurance
    • Disability Insurance
  • About
    • Client Testimonials
    • Insurance Carriers
    • Refer a Friend
    • Privacy Policy
    • Terms and Conditions
    • Accessibility Statement
    • Blog
  • Contact
  • Home
  • Quotes
    • Quick Quote
    • Auto Quote
    • Homeowner Quote
    • Life Quote
    • Business Quote
    • Boatowner Quote
    • Commercial Auto Quote
    • Umbrella Quote
    • Condo Quote
    • Flood Quote
    • General Liability Quote
    • Renters Quote
    • Motorcycle Quote
    • Pollution Quote
    • Disability Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Contact My Carrier
    • Proof of Insurance
    • Customer Coverage Review
    • Free Consultation
  • Products
    • Auto Insurance >
      • Classic Car Insurance
      • RV Insurance
      • ATV Insurance
    • Life Insurance >
      • Final Expense Insurance
    • Business Insurance >
      • Commercial Auto Insurance
      • Insurance Bonds
      • Crop Insurance
      • Workers Compensation
      • Event Insurance
      • Pollution Insurance
      • Business Owners Package (BOP) Insurance
      • General Liability Insurance
    • Property Insurance >
      • Home Insurance
      • Condo Insurance
      • Renters Insurance
      • Flood Insurance
      • Earthquake Insurance
      • Landlords Insurance
    • Financial Planning >
      • Annuities
    • Motorcycle Insurance
    • Boat Insurance
    • Umbrella Insurance
    • Disability Insurance
  • About
    • Client Testimonials
    • Insurance Carriers
    • Refer a Friend
    • Privacy Policy
    • Terms and Conditions
    • Accessibility Statement
    • Blog
  • Contact

​Northeast Insurance & Financial Consultants Blog

Term Life Insurance Explained

5/26/2015

0 Comments

 
Often considered a temporary policy, term life insurance is only meant to cover you for a specific “term” or period of time during which the premiums may remain level. Coverage may continue after the level premium term but typically at higher premiums or with reduced face amounts. This can be anywhere from one year up to 30 years. If you were to die unexpectedly during that specific term, your beneficiaries will receive a set payout (known as the death benefit) as specified on your policy.

Being simple in concept, term life can help you affordably address the difficult question of how your family will financially manage if you were to pass away unexpectedly. Key benefits include:

  • A fixed level premium that won’t increase
  • A level death benefit that guarantees that the amount of coverage will stay the same (won’t decrease) for as long as you own the policy (the length of the term as long as the premiums are paid.)
  • The ability to choose the term length that best meets your needs – typically 10,20, or 30 years
  • Typically offers low initial costs with coverage with limits ranging anywhere from $5,000 to several million
- See more at: http://www.protective.com/learning-center/life-insurance/term-life-insurance/#sthash.e1GXNgMW.dpuf
0 Comments



Leave a Reply.

    Contact Us

    (570) 344-5150
    2121 Shoppes Blvd.
    Moosic, PA 18507​​
    Click Here to Email Us

    Archives

    May 2017
    April 2017
    February 2017
    December 2016
    November 2016
    August 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015

    Categories

    All
    FAQs
    Financial
    Insurance
    Local
    Safety

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
​
​Privacy Policy​
Terms and Conditions​
Agent Login

Connect With Us

Instagram

Contact Us

Northeast Insurance & Financial Consultants
2121 Shoppes Blvd.
Moosic, PA 18507
(570) 344-5150
Click Here to Email Us

Location

Website by InsuranceSplash