TERM LIFE

Looking for protection that will not break the bank? Well our Term product portfolio is second to none in terms of cost vs. benefits. We carry the best Insurance Companies in the world that offer the lowest possible rates in the Market.

Term insurance is basic, inexpensive and easy to understand. It gives you all the coverage you need and none that you don’t. That’s why it’s the best choice for almost everyone.

As the name implies, a term insurance policy is good for a specific period of time; that can be a 10,15,20 year level term life insurance or even insurance for up to 30 years. Given that you generally need life insurance only until you’ve managed to save up money elsewhere, just choose the policy that corresponds with the time you need coverage. If you die during that term, your beneficiaries get a payout, known as the death benefit.

Once the policy is expired, it is up to the policy owner to decide whether to renew the term life insurance policy or to let the coverage end.

Term life insurance is often the most affordable coverage because it offers protection for a specific number of years.

  • Get maximum coverage at an affordable price.
    Term life insurance is often the most affordable coverage because it offers protection for a specific number of years.
  • Cover specific financial responsibilities like a mortgage or college expenses: Whether you live by yourself, with a spouse or significant other, you may want to buy life insurance as mortgage protection. Think about it − you don’t want the person you live with to be homeless if you die unexpectedly, do you? Term life insurance can be used to pay off an outstanding mortgage balance. Just select a term that matches the length of your mortgage payment period.
  • Supplement a permanent policy or work policy.

Simplicity

Planning financial goals around a cash value insurance plan can get really complicated. There are non-trivial rules governing things like the size of your cash value savings versus the policy death benefit, and the repayment of policy loans. Term life on the other hand, is the essence of simplicity — pay the premium, get covered for the term.

Competitive pricing

Because they are so simple, term life policies can be easily compared on the basis of price. This has led to a very competitive market in which term life policies are rapidly becoming a commodity.

Flexibility

Many term life policies are both “renewable” and “convertible.” The former ensures that you can re-up for another term policy without a medical exam. The latter allows you to convert your term life policy into an equivalent cash value policy from the same carrier, should this make sense during the term of the policy.

Not all term life policies offer these features, however, so be sure to ask for them specifically if you want them. (In particular, be sure you know what they mean by “renewable.”)