Term Life
What’s the difference between term and
permanent life insurance?
Term Life
- Predetermined
- Lower
- None
- Not Applicable
- Generally Stays the Same
- Yes
- Length of Coverage
- Cost of Premium
- Accumulation of Cash Value
- Taxation of Cash Value Accumulation
- Premium Variation
- Death Benefit
Perm Life
- End of Life
- Higher
- At favorable rate
- None
- Generally stays the same
- Yes
What Is Term Life?
Term life insurance guarantees payment of a stated death benefit if the covered person dies during a specified term.
The policyholder can either renew it for another term, convert the policy to permanent coverage, or allow the term life insurance policy to terminate.
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How it works
Step 1:
- Choose your financial preference and answer brief questions to get paired with life insurance products that best fit your profile.
Step 2:
- Compare and select one or multiple products you wish to proceed with. Click "Apply Now".
Step 3:
- Register an account and proceed to the application. Receive professional help if wanted.
Step 4:
- E-sign and submit your application instantly. Optional to connect your electronic medical records with submission.
Step 5:
- Receive notification about policy status and upload documents in your dashboard. Wait for your policy approval with ease of mind.
