No one knows what tomorrow will bring, however term life insurance can provide you the peace of mind that those left behind will be able to take care of themselves financially without your presence.
Why buy Term Life Insurance coverage?
Term Life Insurance can provide you with large dollar amounts of death benefit at an affordable price. These policies are designed to give you protection for a guaranteed number of years with a guaranteed level premium. Many people buy term life insurance to cover mortgages, college tuition, replacement of income and any other financial obligations that have a set amount of time that they may be financially responsible.
What is Term Life Insurance?
Term Life Insurance is a life insurance policy that has a specific term or time frame that it is guaranteed. You can buy a term life insurance policy with 5, 10, 15, 20, 25, and even 30 year periods.
Why is it so cheap?
Term Life Insurance has few of the features that are associated with other life insurance policies. Whole Life Insurance, Universal Life Insurance, and other variations of permanent life insurance, have internal cash build up available for the policy owner to access based on its design. Policy owners receive interest and interest compounding on these cash values. Permanent life insurance policy owners pay a higher premium than term life insurance owners because it is that excess premium that accumulates for available cash later on. Term Life Insurance does not build a cash value. It is pure insurance coverage for a set number of years.
There is no better time than right now to make plans to ensure your family’s financial security in the event of your death with an affordable, term life policy. Jerry Ballard & Associates, your North Carolina agent, is pleased to introduce you to the term life insurance plans of several top insurance companies, all with A to A++ ratings from independent industry analysts A.M. Best, Fitch, Moody’s, and Standard & Poor’s.
Banner Life Insurance Company
Transamerica Occidental Life Insurance Company
Lincoln Benefit Life
Lincoln National Life
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For more information on life insurance coverage in North Carolina, please visit our website at www.nchealthplans.com or call our toll free number 888-765-5400 and speak with one of our qualified agents.