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Affordable premiums with term insurance

affordable premiums sharon bailey network

Sharon Bailey Network – Insurance div. Affordable premiums. call us to find out how. We are here to assist you and would love to help create a customized insurance plan that is tailored specifically for you. Call us at (647)-558-7491 Ext 4694 or chat with us online. Feel free to leave a comment below. We would love to hear from you. Call 647-558-7491 Ext 4694

Who can benefit the most from a term insurance policy?

Affordable premiums. The beauty of a term insurance policy is that everyone can afford them. The premiums on these types of policies are very affordable and you can get a lot of coverage. For families that are on a budget, or young working couples, a term insurance policy allows for great coverage without breaking the bank.

Want affordable premiums with consistent payments?

Your premiums will stay the same over the entire term even as you get older. It is also great for the hands on investor that prefers to have their life insurance and their investments as two separate things. Just knowing that you can have the security of your term insurance separate from your investment funds allows you to be aggressive or as passive as you would like to be with your investments. A term life insurance policy is really the most affordable choice.

We are here to assist you and would love to help create a customized insurance plan that is tailored specifically for you. We serve you with the utmost professionalism and confidentiality. You can click here for a free quote at any time.

Call us at (647)-558-7491 Ext 4694 or chat with us online. As always feel free to leave a comment below. We read all comments and will respond to you as soon as we can. We would love to hear from you. Our insurance advisors will work around your schedule. We are available to meet with you to discuss any insurance questions you may have.

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Advantages and disadvantages of a term policy?

advantages and disadvantages of a term policy insurance by sharon bailey network insurance

sharon bailey network insurance, advantages and disadvantages of a term policy

Advantages and disadvantages of a term policy can be found in term insurance policies. Even though they are the most affordable. Let’s take a look.

Advantages and disadvantages of a term policy will be covered but let’s start with the main advantages. You can click here at any time you wish to have a free no obligation quote.

What are the main advantages of a term insurance policy?

  • Compared to a permanent life insurance policy, such as whole life or universal life insurance policy, a term insurance policy has much lower premiums.
  • Premiums will remain the same for the entire term of the policy for as long as the policy is in force.
  • Some term life policies have the option to be converted to permanent life insurance policies. There may even be cases where no medical exam is required. Speak to one of our friendly life insurance advisors for more details. An advisor can let you know the requirements for converting life insurance policies.
  • Some term life insurance policies may have the option to renew. This should be discussed with an agent for further details and requirements.

What are the main disadvantages of a term insurance policy?

  • Well, if you are looking for an investment portion to your term life insurance policy there is none. You would have to consider a permanent life insurance policy such as universal life insurance. This has an investment portion in your premiums.
  • Unfortunately if the term insurance policy is purchased when you are much older, then the premiums will be much higher. The older you get the higher the premiums will be.
  • In some cases your term life insurance policy will allow you to convert to a permanent insurance policy. If you are converting the policy when you are much older, expect it to be more expensive.

Call us at (647)-558-7491 Ext 4694 or chat with us online. As always, feel free to leave a comment below. We read all comments and will respond to you as soon as we can. We would love to hear from you. Our insurance advisors will work around your schedule. You can always click here to get a free no obligation quote. We are available to meet with you to discuss any insurance questions you may have.