Jacksonville, Florida — Most consumers understand that term life insurance is a very basic form of insurance that offers coverage over a certain period of time. These specific periods can be in 10, 15, 20, or 30 year increments, but this can really vary on carrier or product. You can make premium payments monthly, quarterly or yearly.
Once your policy term period ends, no premium payments are made because you are now out of coverage and no death benefit (American General Life Insurance) will be paid in the event of someone passing. If you wish to maintain your policy coverage after the term period ends than you must either convert that policy into a permanent policy or purchase another term life insurance policy for another a specified period of time. Term life insurance is often viewed as one of the cheapest ways to purchase coverage.
Many consumers are trained to purchase term insurance policies because they are less expensive and invest the rest in the stock market. If you are looking for a safe way to earn interest on your money you may want to look at a whole life policy rather than a term. Either way you will always get some payout on death benefit, while under a term life insurance policy, the possibility always exists that the policyholder will outlive their policy, and lose all of the money the paid in. A great deal of statistics show that payments that are made under a term life insurance policy are lost, which makes it much easier for life insurance carriers to offer this coverage at a cheaper price.
Article Source: Life Insurance Article
Jacksonville, Florida — 32256 Many Floridians ask the questions… Should I buy life insurance? Is life insurance necessary? Is it a good investment? Remember that Florida life insurance ensures your family financial stability for your loved ones. Here are a few bullets that will explain the need for life insurance in Florida.
- Nobody has a crystal ball. You do not know what the future will hold
- Life products provide financial support for your family, including children
- It is really affordable to buy life insurance
Check out one of our affiliates at, Florida Life Insurance, here you will be able to shop rates with the Florida life insurance experts. If you have questions please feel free to call 800-554-9142. We offer a FREE life insurance analysis for all situations.
Jacksonville, Florida 32256 — A recent online news report noted that a recent Florida Life Insurance quote engine was launched. They offer over 150 life insurance carriers you can pick and choose from including the most popular type of life insurance known as term life insurance or term assurance. Consumers are attracted to term life insurance policies for many reasons, and over the past couple of years this type of coverage has become even more popular. If you are interested in buying life insurance coverage, checking out the details of a term policy may be the best place for you to start your search. We can help get Florida residents the best Florida term life insurance rates on the Web. Our experienced advisors are here to answer your questions and help you with your life insurance planning.
