Insurance Insights: by Jerry Fischer, CLCS, CLIC, AAI
ON THE LEVEL
“Term life insurance” provides life insurance protection for a specified period of time, on a limited budget. One of the most popular forms of term life insurance is the level-term policy, which typically provides coverage for a 5-, 10-, 15-, or 20-year term. Both the death benefit and tlie annual premium remain constant over the course of the term. and the policy can be cancelled anytime during the term. The most attractive feature of a level-term policy is that the premium can be locked in. While a policyholder will typically pay more in the early years for a level-term policy (compared with a yearly renewable-term policy), he or she will pay less in the later years of the term.
In today’s economic times, many people become more aware of how the lack of income or rising costs can affect a family’s quality of life. Term life insurance spares your loved ones from financial hardship. Please call us at 570-323-3600 to arrange an insurance consultation. We offer life insurance, term life insurance, health insurance, and disability insurance. We are located at 1735 E. Third Street.
NOTE: “Yearly renewable-term insurance” provides life insurance coverage for only one year, after which the policy expires but may be renewed at a slightly higher premium rate.
Article as seen as in the Williamsport's Sun Gazette.
ON THE LEVEL
