ERM LIFE
Term life insurance has long been the financial product to which
businesses, families and individuals have turned when they need large
amounts of life insurance coverage at a minimal initial expense.
Because it is “pure” insurance coverage –there is no buildup of cash
value – term life insurance may be an ideal way to meet current, and
often critical, insurance needs at affordable rates. This can be especially
true for young families or new businesses just starting out. And with
its built-in conversion feature, term life insurance is often used as a
stepping – stone to a permanent plan.
As its name implies, term life insurance provides coverage for a specified
period of time – a “term” of years. Before purchasing this type of coverage, however, be sure that the term policy – and the company you select – can protect your options for both the short and long duration.
WHETHER YOUR LIFE INSURANCE NEEDS ARE:
• short-term, low-cost insurance;
• guaranteed premiums for a fixed period of time;
• additional temporary death benefit to supplement your permanent
life insurance coverage; or
• term life insurance for now with a goal of converting to permanent
insurance at a later date.