Term Life Insurance

Term life insurance provides death protection for a stated time period, or term.

Term life insurance is perhaps the simplest form of life insurance. It was developed to provide temporary life insurance protection on a limited budget. Since term insurance can be purchased in large amounts for a relatively small initial premium, it is well suited for short-range goals such as life insurance coverage to pay off a loan, or providing extra life insurance protection during the child-raising years.

Most companies offers term insurance policies providing level premiums for 10 or 20 year periods. These policies can be renewed or continued at higher premiums in most cases to age 75 or 85. Most term insurance contracts are convertible to a permanent policy, at current age, without medical evidence.

Credential Financial Strategies Inc. Contact Information:
Lloydminster Office: 1-306-825-8118
Kindersley Office: 1-306-463-5656

 

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