Term Life insurance is typically the least expensive coverage, providing basic life insurance protection for a specific period of time. Term insurance is often chosen by people who need temporary life coverage – for example to cover the period of a mortgage – or for those with a limited budget needing a large amount of protection. Term insurance is often used to cover the life of a key employee for a specific period of time to protect the continuity of business operations.
Unlike Whole Life insurance, Term Life insurance has no cash values and once the term expires insurance coverage ends. Term policies typically allow you to convert to a permanent plan without a medical examination.
Family Guardian’s Term Life plans have been designed to meet the varying needs of persons seeking temporary coverage or maximum protection for minimum cost.
10-,15-, 20- and 25-YEAR TERM
Providing coverage for a specific period
TERM LIFE TO 100
Providing life insurance protection at fixed premium rates to age 100 and convertible to a permanent plan without evidence of insurability
Increasing the coverage of the husband and wife team to protect the family. This Rider provides Term insurance for a spouse that can be attached to any permanent plan of insurance on the life of the other spouse.
CHILDREN’S TERM RIDER
Providing family coverage. This Rider provides Term insurance for a child that can be attached to any permanent plan of insurance on the life of a parent. Future children are automatically covered.