Term Life Insurance Defined
Term life insurance is by far the simplest form of life insurance.
Term life insurance is simply that, insurance for a term or specific period of time.
It pays a benefit only if you die in the designated period of time.
On the downside, it pays nothing if the policy expires before you die.
It is often referred to as temporary life insurance.
Policies generally last for 5, 10, 15, 20, or 30 years.
Many policies are convertible, which means that you have option of switching to a permanent life policy.
The main advantage of a term life policy is that they generally have lower premiums.
They are good for covering needs that may disappear in time, such as car or mortgage loans.
They also have some distinct drawbacks.
Premiums generally increase with time.
This means that you will be paying considerably more in your later years, when your need for protection is generally lower.
Another factor to consider is that your coverage may expire at the end of your term, leaving you with nothing to show for your investment.
You are essentially back at square one.
Insurance agents often recommend that customers switch term companies every couple years, in order to take advantage of promotional pricing.
One should be mindful of doing this, as you will be subject to a new contestability period.
A contestability period is normally two years.
If you die during this period, the insurance company will likely review the statements you made on your application.
If you have made any inaccurate or incomplete statements, the insurance company will likely refuse payment.
Life insurance is no laughing matter.
When you are considering purchasing life insurance, please do some research first.
Spend some time considering questions, and pose them to a trusted insurance broker.
Be especially wary of purchasing insurance from a door to door salesman, as they are likely trying to sell term life insurance which may or may not suit your needs.
After all, it is your hard earned money that is being spent.
And it is the well being of your family that will be impacted by your decision.
.
African American Owned Insurance Celebrates 100 years - Atlanta Life Insurance Company, the Oldest Stock-own Black Insurance Celebrates a Century of Service
Atlanta, GA
June 9, 2005 - Atlanta Life Financial Group, Inc. (ALFG) kicks off its Centennial Celebration with a one-hundred-day countdown and
a summer-long series of special events setting the stage for the 100th Anniversary of the founding the company, Atlanta Life Insurance Company. This year, Atlanta Life marks 100 years of service to the Atlanta community, the African-American community, and to its consumers and corporate partners at home, in the southern region, and around the country. [A press conference announcing the Celebration will be held at 10:00 a.m. on Tuesday, June 14, 2005 at Herndon Plaza, 100 Auburn Avenue, Atlanta, Georgia 30303.The kick-off celebration will draw participation from the Atlanta community and will include performances by many well-known personalities and entertainers throughout the city.
Commemorating the event will be the unveiling of a 22 x 14 foot Centennial banner which will hang from the ceiling in the atrium of the Atlanta...
African American Owned Insurance Celebrates 100 years - Atlanta Life Insurance Company, the Oldest Stock-own Black Insurance Celebrates a Century of Service
Life insurance > African American Owned Insurance Celebrates 100 years - Atlanta Life Insurance Company, the Oldest Stock-own Black Insurance Celebrates a Century of Service
Oxford Life Insurance Company and Subsidiaries Christian Fidelity Life Insurance Company and North American Insurance Company Announce Upgrades in Financial Strength Ratings
Oxford Life Insurance Company (Oxford Life) (Arizona) has been upgraded by A. M. Best, the world's oldest and most authoritative insurance rating and information source, to B (Fair) from B- (Fair). The rating increase also applies to Oxford Life subsidiary companies Christian Fidelity Life Insurance Company (Texas) and North American Insurance Company (Wisconsin). The rating outlook for all three companies remains positive."This upgrade reflects our emphasis on continuing financial security, improved operating results, increased capitalization and reduced risk exposure in our invested asset portfolio." said Mark A.
Haydukovich, President of Oxford Life. "The two A. M. Best upgrades this year, combined with Oxford Life's qualification for membership in the Insurance Marketplace Standards Association (IMSA), reflect our commitment and promises to agents and clients of continued financial strength and integrity."Founded in 1965, Oxford Life Insurance Company specializes in providing...
Oxford Life Insurance Company and Subsidiaries Christian Fidelity Life Insurance Company and North American Insurance Company Announce Upgrades in Financial Strength Ratings
Life insurance > Oxford Life Insurance Company and Subsidiaries Christian Fidelity Life Insurance Company and North American Insurance Company Announce Upgrades in Financial Strength Ratings
Free Canadian Insurance Quotes Online for Car, Life and Property Coverage in Canada Direct from 29 Canadian Insurance Companies
Need Canadian insurance coverage now in Canada? Obtain fast free online insurance quotes for car insurance, life insurance
and property insurance instantly direct through one progressive website: http://www.Kanetix.ca/CCC_home.Rather than spending hours trying to sort out the best insurance policies for your home, vehicle or life, Canadians can now quickly obtain quotes from top Canadian insurance companies such as AIG Life Insurance Company, Allstate Insurance Company of Canada, CAA Insurance, Canada Life Assurance Company, Desjardins Financial Security, Dominion of Canada General Insurance Company, Maritime Life Assurance Company, RBC Insurance, Royal & Sun Alliance Canada, Standard Life, Transamerica Life Insurance and York Fire & Casualty Insurance Company.Getting the right Canadian insurance quotes for their house, family, car and travel gives insured citizens in Canada assurance of total peace of mind at the...
Life insurance > Free Canadian Insurance Quotes Online for Car, Life and Property Coverage in Canada Direct from 29 Canadian Insurance Companies
A business support service opens in Tampa, FL.
September 8, 2003 -- In the past the solutions for a business owner without the resources to hire a full time employee have been rather limited; either hiring an expensive temporary employee or inheriting all of the costs and responsibilities that come along with full time support, or even worse turning away work. Simplified Business Solutions offers many ways to simplify your business, and streamline your production. We provide solutions tailored to your specific needs, in all areas, from administrative...
Life insurance
Life insurance > A business support service opens in Tampa, FL.
Planning Next Year's Garden
Seems like it's a little early to start thinking about next year's garden, doesn't it? But now is the time to survey your gardens and see what's going on. What needs to be changed? The first thing you want to look for is where does the sun hit, and when? Roses and vegetables do better in an area where they get morning sun, especially when it starts getting cooler. The morning sun will warm them up faster and keep them producing longer. Using this method, you will be out in the first snowfall gathering...
flowers Life insurance
Life insurance > Planning Next Year's Garden
Find airline flights and discount airfare information on the internet.
Each major airline now gives you the opportunity to find information about airline flights and discount airfare and cheap tickets on the internet. One reason that each airline does this is because so many people now have access to computers..What does that mean to you as a traveler? It means that as you search for airline flights and discount airfare you can be very selective as to when you go and who you fly with.Each Airline offer airline flights and discount airfare discounts on the internet.Here's...
Life insurance
Life insurance > Find airline flights and discount airfare information on the internet.
Home Gyms with Free Weights
Having your own home gym with free weights is not only convenient but gives you the freedom to work out anytime you want. You save time and money, have no costly gym fees, no driving time, and no child care is needed. Having a home gym with free weights and a machine for aerobic activity is the perfect combination for your home gym workout routine. Exercise and cardiovascular fitness are essential in a balanced fitness program. It's important to include stretching and resistance to help build...
Life insurance exercise
Life insurance > Home Gyms with Free Weights
Quick Cash Loans Online - A Fast Way To Get An Emergency Cash Advance
If you need a fast way to get an emergency cash advance, then apply for a quick cash loan online. Payday loan companies now offer instant approval with their paperless process. Once approved, your cash advance will be deposited into your checking account the next day, allowing you to pay for car repairs or any other unexpected emergency.Before ApplyingSave yourself time by gathering your contact and employment information before applying for your cash advance. A recent bank statement or a recent...
Quick Cash Loans Online - A Fast Way To Get An Emergency Cash Advance
Life insurance > Quick Cash Loans Online - A Fast Way To Get An Emergency Cash Advance