Term Life Insurance
Affordable, straightforward coverage for a set period of time.
Term life insurance covers you for a specific period, such as until a certain age or for a specifies time period. This insurance type will provide your beneficiary a payout after your passing.
Term life insurance is generally cheaper than other plans because it may not cover you for the rest of your life. Payouts are generally tax-free, and premiums and benefits are fixed for the entire term.
There are different types of term life insurance for you to choose from:
- Fixed term: The coverage amounts and premiums are fixed. This plan is good for someone who can afford the premiums and wants a specific amount of coverage for the term.
- Simplified issue term: No medical exam is required, and the death benefit is generally smaller. This plan is good for someone who might not pass an exam or only needs a smaller coverage amount.
- Decreasing term: Coverage amounts and premiums decrease over time, making this plan good for someone who will not need as much coverage later on. Many times tied to a mortgage.
- Short-term: Generally, this is one-year coverage. This plan is good for someone transitioning between jobs or plans.
Ready to Protect Your Family’s Future?
Contact John L. Coppeto today to find the right life insurance policy for you and your loved ones.
Phone: (904) 834-9048