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TERM INSURANCE
Term insurance offers a low premium (in comparison to a whole life policy) during the early years of the insured individual. This type of policy has a specific time frame or term as the name implies.
These policies will typically include renewal opportunities with premiums that can increase substantially as one ages. Often times these types of policies will include a clause requiring evidence of insurability. So, if you were ill, it might be impossible to get insurance in a time when you might need it most.
In addition, this type of policy does not build cash value and is only used for death protection.
Insurance Mart will help you evaluate your personal situation to deterimine the policy type that is appropriate for your unique situation.
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