Because of it's low premium costs the 5 year term life insurance policy is one of the easiest
It maintains a guaranteed level premium for 5 years. With many companies, if you don't convert this policy, you will have no more insurance after the 5 year period has passed.
In other cases, however, the 5 year term insurance premium increases at the end of the first 5 years and may increase every 5 years thereafter.
This kind of life insurance policy is considered temporary life insurance. 5 year term life insurance is designed to fulfill temporary insurance needs.
Uses Of The 5 Tear Term Life Policy
These riders are available and can be added to your 5 year term insurance policy at a minimal extra cost.
There are other available riders that can be added to this policy but they vary from company to company.
The 5 year life insurance policy can be bought as a rider
also. It is usually added to a permanent life insurance policy providing
additional life insurance for the insured.
Some companies offer 5 year term life insurance as a rider on the lives of a spouse or children.
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Retirement planning is one of those things that we must do long before we get to retirement time.
Life insurance should be seen as an instrument to provide an income for your family.
You are in search of an affordable term insurance quote. We will give you not one quote but several and they are the least costly on the Internet.
Want no medical exam life insurance? Up until very recently it was probable to get some life coverage up until age 65 without having to do a full blown medical examination.
Get up to $1,000,000 term life insurance no medical required.