How Important Is Term Life Insurance?

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    David RacichPRO
    Fountain Hills, Arizona
    Term Life Insurance is an important step in defending your beneficiaries from present economic loss and future obligations. This is especially true early in life because term life insurance can be very affordable. Term life insurance can often have a convertibility clause that can extend coverage by converting term life insurance to permanent life insurance. If you’re healthy and want to protect your loved ones or business associates, term life insurance is a good beginning to protect against an untimely end.
     
    Answered on June 1, 2013
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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    How important is term life insurance?    Term life can be very important as it serves a purpose, fills a need and provides a death benefit. It's just that term insurace is designed to be effective for a stated period of time. Term protects a temporary need the best, it is not a long term solution for life insurance, but it still fills a vital role for insurance needs.
    Answered on June 2, 2013
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  3. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    Term life insurance is a very important part of a financial plan. For most young people it is the most affordable way to create an instant estate for sudden loss of life. You can provide your loved ones income replacement, debt reduction or fund a child's education in most cases for the cost of a cup of coffee per day.
    Answered on April 18, 2014
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