03/29/2023
In previous weeks we've talked a lot about term life insurance; strategy, features - and now types!
Types of Term Life Insurance:
1️⃣Term
Increments of 1, 5, 10, 15, 20, 25, 30, etc. years, custom.
2️⃣Year renewable
Premiums increase each year but no additional underwriting takes place.
3️⃣Decreasing term
Amount of insurance decreases with time; however, premium is level.
4️⃣Re-entry term
Renewable premiums are lower if insurer can periodically evidence health.
5️⃣Return of premium
Premiums returned at the end of the policy. This sounds good but increases the cost beyond a break-even.
To learn more, talk to us today!
📲Phone: (919) 460-1775
📠Fax: (919) 460-1417
📧[email protected]