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Term life insurance or term guarantee is life insurance that provides coverage at a set rate of payments for a minimal duration of time, the pertinent term. For many people, the main reason to acquire life insurance is to assist offer dependents in the case of your death and the resulting loss of earnings.
Secret Features: Momentary protection Provides a guaranteed survivor benefit Concentrates on affordability Features a tax-advantaged death benefit Offers riders to personalize your policy Can be used for estate planning to help balance out estate taxes Can be sheltered in an irreversible life insurance coverage trust Protection amounts from $500,000 to $20,000,000.
Issued by North American Company for Life and Health Insurance
Just how much life insurance coverage do you and your household require? What type of policy is best for you? What company should you choose? We'll provide you the tools to address these questions.
1Increases in protection are subject to brand-new underwriting. 2Maximum protection amount varies from $5,000 up to 10,000 each month based on your age and policy duration. Sustainable and Convertible Term Policy ICC18 1801-307 WSA issued by Western-Southern Life Guarantee Company, Cincinnati, Ohio, which runs in DC and all states except AK, NH, NY and RI.
Payment of advantages under the life insurance coverage policy is the obligation of, and is ensured by, the providing business. Guarantees are based upon the claims-paying capability of the company. Products are backed by the full monetary strength of the providing business. Find More Details On This Page include particular exclusions, limitations, reductions of advantages and terms for keeping them in force.
Life insurance strategies do not have to be expensive. Term life insurance coverage is a popular choice for those aiming to save cash upfront. At Aflac, our strategies are cost effective and reputable. We'll work with you to find the term length that makes the most sense. Try our life insurance coverage calculator to see how rates are affected by age, way of life, medical history, and coverage objectives.
This contrasts whole life insurance, which requires scheduled payments your entire life. Standard term life insurance coverage lengths are 10, 20, or thirty years. Below are a few of the highlights of a term life insurance policy: You can choose which term length makes the a lot of sense for your special way of life.