Term Life Insurance and Its Types

Jackson Insurance Company offers term life insurance in Montgomery, Alabama, and payments for the stated death benefit for the beneficiaries in case of death.

Similar to juvenile life insurance, term life insurance has several types. However, the latter requires either 10, 15, or 30 years of coverage based on the client’s age, health conditions, and life expectancy. Hereunder are some of them:

  • Level Premium Policy – This policy covers the clients for 10 to 30 years. It offers fixed death benefits and premiums. However, its premium coverage is higher than the yearly renewable term life insurance.
  • Yearly Renewable Term Policy – This policy has no specified period, but the premium coverage becomes more expensive as the person ages. However, you need not worry because it’s one of the policies offering financial security.
  • Decreasing Term Policy – This policy pays a death benefit that declines each year, where the insured pays fixed payments for the duration of the policy.

These term life insurance policies are provided for different purposes but come down to one goal, to offer the insured and their respective beneficiaries substantial coverage at an affordable price. If you are not ready to avail of a term life insurance policy, we offer other insurance, like home security, preventive care, and investment services.

Our mortgage loans in Alabama are also available for those planning to purchase a property. We offer the lowest interest yet many great benefits. Thus, if you’re interested in trying our services, like insurance, investment, or mortgage, don’t hesitate to call us. Get in touch!

This entry was posted in Insurance Types and tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts:

No Related Posts Found