How Does Term Life Insurance To Age 90 Work?

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Term life insurance to age 90 provides pure term life protection. The insurance company guarantees to renew the policy up to age 90. Like all term life insurance policies this is pure life insurance. This policy accumulates no cash values and does not participate in dividends declared by the life insurance company.

• Premiums

  Premiums for this policy remain level for the first 10 years and will increase in year 11, and every year thereafter.

• Death Benefit

  Upon the death of the insured the full face amount is paid to the named beneficiary.

• Policy Conversion

  As this is term insurance the owner has the privilege of converting to permanent insurance if s/he so desires. At any time in the future you have the option to convert your term life insurance to age 90 policy to a permanent life insurance policy like a whole life policy or one of it's many variants. It does not matter whether or not you are insurable ...the company must convert the policy upon your request. This policy should be converted as soon as you are able since as the years go by the increase in premiums may become prohibitive.