Short Term Insurance
Fulfilling Short Term Needs
How does one use short term insurance policies, you need coverage for a limited period of time.
Most life insurance
needs are for the long term but there are some needs that are
categorized as short term needs.
Let us take a look and see why you
would need shorter coverage time.
Don't pay too much for your policy.
Compare rates and Save up to 70%
How Short Term Insurance Can Help
- Debt Protection
Some business people
have what is considered floating debts. They have credit lines with
their banks or financial organizations which they use to finance the
everyday operating costs of the business.
The banks make money from this and it suits the businessman as
well. The big concern, however, is what will happen if the owner of the
business should die suddenly.
Could the bank be repaid? They are certain
to be repaid if the business owner has a floating debt policy naming
the financial organization as beneficiary.
The types of policies you would use are yearly renewable term, 5 year level term or possibly 10 year level term
insurance. Upon the death of the businessman the bank is paid off. If
there is any money left over it goes to the family of the insured.
This idea can be applied to any outstanding uninsured loan.
- College Costs
One good reason to buy short
term life insurance
is if you have a child in college. You know that you will be able to
pay the costs as long as you are alive and working but what if you
should die before your child or grandchild graduates.
This problem is easily solved by owning a policy for the short
term. Again a 5 year term or a 10 year term policy will usually solve
Shop and compare low cost life insurance.
Save up to 70%
Term Insurance Policies
Short Term Life Insurance