term life insurance
What is it?
Term life insurance covers you for a set period of time, not necessarily your entire life. It pays a lump sum of money to your beneficiaries if you die while the policy is in effect. Term life is the simplest and most affordable type of life insurance, and is a terrific choice for people on a tight budget or those with only a temporary need for coverage. Some term life policies include provisions that allow your policy to be converted to a permanent policy should your needs change as time passes.
why do I need it?
Term life insurance is a key element of your overall financial plan, especially when you're young and need a lot of coverage to replace a loss of income for your dependents. It helps protect your family from the burden of debts such as your mortgage, student loans, and other short-term obligations. Term life can also be used to create a retirement fund for your spouse, help pay for college for the kids, or cover any other unexpected expenses that may occur if you were to die prematurely and unexpectedly.
all greek to you?
I get it, this stuff can be confusing. What do I need? How do I get started? Sometimes it's just easier to chat through everything. Send me your contact information below and we'll set up a time to chat!