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Friday, September 18, 2009

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Term Life Insurance Now Being Offered With Higher Age Restrictions


Now Available – New Updated Version of Term Life Insurance – Up to Age 60!



There is a new updated version of Term Life Insurance now available to those wishing to purchase a term life insurance policy. This new updated version of term life insurance offers more benefits and added features. A new underwriting category known as, Preferred Plus, has been made available, which will allow most insurable individuals the right to benefit from the best term rate premiums. Those individuals that buy a policy with a value of more than $250,000 will get the added benefit of even lower rates. The re-priced term life insurance policy provides lower rates for almost all ages. This 20-year policy has prolonged its age of issue to 60 years. This will give more individuals the chance to take advantage of this life insurance.

This term life insurance is a coverage that gives pure protection for a certain period of time. Term life insurance basically gives a lower starting cost than that of other types of life insurance policies with the same coverage threshold. This gives you more protection for each dollar you spend. Term policies can be turned over to permanent life insurance. Term Life Insurance, unlike permanent life insurance, does not accumulate a cash value. This term life insurance grants a guaranteed death benefit and is 100% convertible into a permanent life insurance policy up to the age of 65, as long as the policy remains current and intact.

There are three time periods associated with this term life insurance policy. They are 10, 20, and 30 year terms. Your insurance representative can assist you in choosing the appropriate term length for your needs.

Taking advantage of this new, updated term life insurance is something all individuals should do. Protecting your family from the unknown is so important and with all the risk associated in today’s world, it is better to be protected and prepared than unprotected and sorry. Knowing that your loved ones will be provided for when you are not here to help them is a big relief off many American’s minds. Most Americans prioritize protecting their family above all else in the world. With this is mind, more people should utilize the services of life insurance and with this new modified term life insurance, it has made it simpler and more affordable for everyone.


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