Term Life

The affordability of term insurance make it a great early solution for young families with children at home, when protection is needed to make sure the family is cared for in the event of an untimely death. Term insurance is also great for other short-term needs, including mortgage and other loan protection, and business planning. Coverages from one year to 30 are available – even money-back term is now available, refunding 100% of paid premiums at the end of the term period. But term insurance is not the best long-term insurance solution, as it becomes very expensive at older ages. Whole life and universal life solve this problem.