Term insurance provides coverage at a fixed premium for a specified length of time. After that period of time expires, the insured must either begin paying significantly higher premiums in most cases or apply for a new policy that would be rated for their current age and medical history. Term length options start at 5 years and go up to 30 years. This type of policy is the most inexpensive way to purchase a substantial death benefit per premium dollar basis if you require coverage for specific period of time. This type of coverage is not intended to be life-long coverage as at higher ages the cost generally becomes prohibitive.

If you would like more information or would like a quote, please call our office at (952)445-5767.