Call Us 470-641-1329 ☰ ˟
Logo
Quick Quote
Quick Quote Call Us: 470-641-1329
  • Home
  • Get A Quote
    • Annuities
    • Disability Insurance
    • Final Expense
    • HealthImage of right arrow
      • Health Insurance Quote
      • Disability Insurance Quote
      • Long Term Care Insurance Quote
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Long-Term Care Insurance
    • Property Insurance
  • Blog
  • Resources
    • Refer a Friend
    • Important Links
    • Calculators
    • Insurance Glossary
  • About Us
    • About Endurance Life Insurance
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Life Icon

Life

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Annuity Icon

Annuity

We browse through a wide variety of coverages and find the right one for you.

Get a Quote

Final Expense Icon

Final Expense

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Long Term Care Icon

Long Term Care

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Disability Icon

Disability

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Property and Casualty Icon

Property and Casualty

We partner with Guardian Insurance for Auto, Home, and Commercial Insurance.

Get a Quote
Home > Blog > Term Life Insurance
THURSDAY, MARCH 24, 2022

Term Life Insurance

When searching for life insurance, it can be difficult to figure out exactly what kind of life insurance is needed to protect you and your family. One of the most common types of life insurance is term life insurance. We will discuss five benefits of term insurance and why it might be the best option to protect your loved ones. 

 

What is Term Life insurance?


Term Life Insurance is a simple form of Insurance that covers you over a set amount of time. Most times these policies are level premiums meaning the payments remain constant over the course of the policy. 


Five Benefits of Buying Term Insurance 

 

-  Most affordable


The first benefit is that term insurance is the most affordable. Insurance coverage does not have any investment features so you are only directly paying for the death benefit. However, it is important not to wait on buying life insurance. On average, term policies increase 8-12% every year a customer waits to purchase coverage. 

 

- More coverage


Most customers need between 10x and 20x of their household income in a life insurance policy and term insurance is the cheapest way to buy high amounts of coverage. More coverage may be required if a customer has a large amount of outstanding debt or is a homeowner as well. 

 

- Simplicity 


Term Insurance is the simplest form of insurance because the premium goes directly to playing the death benefit. As long as the premium is paid, the insurer will pay the claim during the policy term. 

 

-Locked in 


Term policies are locked in. The premium is level meaning the payments will stay the same over the term of the policy. The policy can not be canceled if there are any changes in your health or you develop a terminal illness. As long as the payments are made the policy will not change until it expires. 

 

-Additional riders


Many additional features may be added to term policies. Here are some common options.

  • Return of Premium Rider: At the end of the term, all premiums paid are returned to the policy owner. 

  • Accidental Death Rider: In the event of the insured death being an accident, an additional amount is paid to the beneficiary. 

  • Waiver of Premium Rider: Premium will be waived if the insured becomes permanently disabled. 

  • Guaranteed Insurability Rider: This rider allows the insured to purchase additional insurance without having to go through medical exams or screenings. 



Term Insurance provides many benefits and access to high coverage limits to customers so they can adequately protect their loved ones. Term Insurance is Endurance Life Insurance’s most recommended product. With access to over 100 companies, we shop the Georgia term market for reputable companies at the lowest prices. 



Click here to apply online for Term Insurance in 10 Minutes with Ethos. Ethos does not require medical exams but their applications contain certain health questions. 


If you rather speak with an agent about Term Insurance, please fill out this form and an agent will reach out to you as soon we can.
Posted 8:30 PM

Tags: endurancelifeinsurance, lifeinsurance, termlifeinsurance, ethoslifeinsurance, ethos, georgia, insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022

  • ethos(1)
  • termlifeinsurance(1)
  • georgia(1)
  • ethoslifeinsurance(1)
  • insurance(1)
  • lifeinsurance(1)
  • endurancelifeinsurance(1)

View Mobile Version

Contact Us Today!
470-641-1329

Social Social Social

Resources

  • Products
  • About Us
  • Refer A Friend
  • Carriers
  • Blog
  • Contact Us

Contact Us

Serving Buford, GA and surrounding areas
P: 470-641-1329 | holden@endurancelifeins.com
© Copyright. All rights reserved. | Powered by Insurance Website Builder