Benefits of Term Life Insurance

Since term life insurance costs are so affordable, you can purchase the amount of life insurance coverage required to help meet all of your specific goals. Everyone has unique life insurance needs, but most people choose a coverage amount that equals five to 10 times their yearly income.

Term life insurance proceeds may be used to help surviving loved ones:

  • Pay off outstanding bills, such as credit cards or a mortgage.
  • Save for future educational expenses, such as college for the kids.
  • Cover any final or medical costs, including estate taxes and funeral costs.

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