Term insurance provides a guaranteed cost of life insurance for a specific term.
Conversion Privilages
Term insurance usually has a conversion privilege which gives the policy owner the right to convert the policy to a permanent plan without providing proof of insurability throughout the life of the plan. Coversion privilages are available to certain ages depenfing on the specific insurance carrier.
Renewal rights
Term insurance expires at a specific age depending on the rules of each insurance carrier
Products are offered with guaranteed rates for the following terms:
- 5 years
- 10 years
- 20 years
- 30 years
