What is Term Life Insurance?
Term life insurance is fairly an inexpensive way to provide for your family or business at the time of your death.
Term life insurance you pay level premiums for a set number of years (10,15,20 or 30 years). Term insurance has no cash value accumulation to it. When you reach the end of your term you can reapply for new coverage or pay a annual renewable premium. (which your premiums will increase each year and the most expensive way to own Life Insurance)
Converting to a Permanent policy:
Some life Insurance companies will allow you to convert from your term policy to a permanent policy. Each company is different on what plan you can convert to. one company will only allow you to convert to one, while others have a choice of 2 or more plans to choose from. When you do convert, most of the insurance companies does not require you to take a medical exam. If you are currently covered under your policy.
Why do you need Life Insurance?
- To Provide financial hardship in case of your death
- To Pay off funeral expenses
- To Pay off any dept
- To Pay for your children's collage education
Securities offered through Transamerica Financial Advisors, Inc. A Registered Broker/Dealer and Investment Advisor Member FINRA and SIPC
Kempf & Co 8195 166th Ave NE Suite 100
Redmond, WA 98052
(425)-881-8573
This information is intended for use by residents of OR, WA, CA, CO, NM, TX, IA, FL. Securities related services may not be provided to individuals residing in any state not listed above.