Term Life Insurance: protects a policyholder for a set amount of years (a ‘‘term'‘ period), lasting 10,20,30 or more years. Term policies always provide a death benefit payout that pays the entire face value of the policy to the beneficiary or trust if the policyholder dies, *The payout is subtracted by any loans taken out from the policy, as well as any Living Benefits used from the policy - this all assumes that the policyholder has kept up with making all of their premium payments unles they also have a “Waiver of Premium Rider” as a part of their policy..

Term policies can provide “Living Benefits”. These benefits exist to protect the policyholder from unexpected health conditions that occur during the policy’s term period. This means that if the policyholder gets diagnosed during the policy term period with a Terminal Illness, Chronic Illness or Critical Illness, they are then able to access a portion of the policy’s face value ammount to pay for medical costs while the policyholder is still living *(assuming they picked a Term policy with Living Benefits). The death benefit will still be paid out in the event that the policyholder dies, though in a reduced amount if Living Benefits have been triggered while the policy is active.

A Benefit of Term Policies: Policy premium costs are locked in when the policy is initially purchased after having its application approved. Premiums never rise once the policy is purchased unless alterations are made to the policy. **NOTE: Once the policyholder gets their policy activated and in-force , the policy’s premium price is protected from rising, either due to the policyholder aging, getting diagnosed with a new health condition, sustaining injury, a negative legal judgement or car accident that could raise the policy’s premium price. Either of these instances can lead to the policyholder’s premium rising significantly, and even disqualifiying them from them getting coverage.

“Riders’’ are policy ‘add-on’ coverages, allowing policyholders to add additional coverage components to their policy that occur when the policy is being customized by the policyholder before purchasing the policy. Riders include, but are not limited to, “Return of Premium riders (ROP) which will pay back all of the premiums paid into the policy when the term is completed. Riders also include the Accellerated Death Benefit Rider (ADB), which allows the policyholder to receive a portion of their policy’s face value amount when they are still alive if they are diagnosed with a terminal illness, or need to help with medical costs or other needs. The Waiver of Premium Rider waives premium payments for the policyholder if he or she becomes disabled, ensuring the policy remains active and provides coverage. Accidental Death and Dismemberment riders (AD&D) provides an additional payout if the insured dies or suffers a covered injury in an accident. Child Term Rider provides term life insurance for the insured’s children allowing the mto access life insuranceeven if they develop a health condition later in life. Critical Illness Rider pays a lump sum if the insured is diagnosed with a covered criti Covercal illness such as Cancer, Heart Attach and Stroke. The Long Term Care Rider (LTC) allows the insured to use a portion of the death benefits to pay for Long Term Care expenses while they are living. The Family Income Rider provides additional coverage to supplement the main policy’s death benefit, encompass ensuring a higher income for the family in case of the insured policyholder’s death.

The riders are extra costs to add on to the premium of the term policy, however their cost is much more affordable than getting those types of coverages through stand-alone policies. We offer SO MUCH MORE than just a term life policy with a death benefit - policies can also be extended for longer and additional coverage after being initially purchased, and some riders allow you to do so at the same cost as when you first purchased the policy regardless of age or health conditions that were attained during the policy.