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Getting term life insurance as a new parent is a smart way to ensure your growing family is protected no matter what life brings. Even better, term life insurance is one of the most affordable types of life insurance available today. With rates as low as $20 a month, your loved ones gain financial protection and you can gain peace of mind knowing your family is prepared for the unexpected.
Term life insurance is a type of life insurance with the main perk being that you get to choose how long you want your coverage to last. Options range from ten to 30 years, and you can dial in the exact amount of time you want your term to last. Once the policy is “in force,” you start paying monthly or annual premiums. If your premiums are paid on time, your family would receive a payout if something happened to you during this time.
All policies cover death, but you can get additional coverage to provide a benefit in the event you are diagnosed with a critical illness or face a disability. Once your policy’s term is up, you can simply part ways with the insurance company. If you’d like additional guarantees, you could add a return of premium rider to your policy. This rider can refund all the payments you made towards your policy if you reach the end of the term without needing to access the funds.
Pay less than $20/month
Choose your coverage and term
Get the option of “laddering”
Almost everyone can benefit from having life insurance, but we recommend asking yourself a few questions to determine if you need coverage:
- Do you have anyone who is financially dependent on you?
- Would you leave behind any debts if you passed away unexpectedly?
- Do you own a small business?
In all of these situations, someone else would be affected by your passing. If you want to ensure they would be able to go on living life, having a life insurance policy in place can give you that security.
Your premium is based on your health and age at the time you fill out our simple ten-minute online application for term life insurance. This rate can also increase or decrease based on the term length you choose, as well as with any riders you add on to your policy.
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