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What are the benefits of term life insurance?

Term life insurance provides insurance for a given period of time. If you pass away during the term of the policy, your beneficiaries are able to collect on the policy. The policy is renewable before each term is completed, but the premium may change depending on a number of factors. Term life insurance policies usually carry the lowest premiums but do not offer coverage for every eventuality.

What are the benefits of permanent life insurance?

Permanent life insurance provides coverage for your entire life, but usually includes higher premiums than term life policies. These policies typically include death benefit, as well as cash savings accounts.

How much coverage is sufficient?

This will depends on the amount of long term security you need and how much you can afford to pay. Speak with an agent to better understand your situation.

Why do most people buy life insurance?

Life insurance gives you a guarantee that if you die, your beneficiaries will be financially compensated to whatever extent your policy affords.

Do I need a physical examination before I am eligible for life insurance?

It is not required in every scenario, but most insurance companies will require an exam prior to offering coverage. If there is no exam, your premiums will be far more expensive than if you had taken the exam.

What are accelerated death benefits?