Eugene Term Life Insurance
Eugene Term Life Insurance: The simplest form of Life coverage. Term insurance is no more than a matter of premiums and a death benefit. The name fits because term insurance's span of coverage lasts only a specified period of time; if the insured dies while the policy is active, the death benefit will be paid to the beneficiary.
Our Term Life insurance could be the right choice if you're looking for temporary coverage that fits your current family or business needs. These policies usually provide the most coverage for your insurance dollar. What's more, most of the policies are renewable or convertible to permanent coverage that will lock in your premium cost over the life of the policy.
There are three types of Term Life Insurance:
- Level Term 20001 - Three level term to age 90 products, all having different premium structures:
* 30-year product with level premiums guaranteed for 30 years.
* 20-year product with level premiums guaranteed for 20 years.
* 10-year product with level premiums guaranteed for 10 years.
In each case, after the level premium period, the projected premiums and the guaranteed maximum premiums increase yearly.
- Simple Term Life Insurance - Simple Term Life insurance coverage does not require a medical examination. This simplifies the Life insurance application and speeds up the underwriting process. Simple Term offers level term insurance with face amounts low enough to fit most budgets and guaranteed premiums that stay level for 10, 20 or 30 years.
- Decreasing Term Life Insurance - Decreasing Term Life insurance has decreasing term coverage with premiums guaranteed to stay level as long as the policy is active. This helps provide protection for your family in your absence to pay for a variety of expenses such as a mortgage payment or other similar types of costs. The death benefit decreases monthly, which, for example, could follow the declining loan balance of a traditional fixed mortgage. Once the death benefit decreases to a level equal to twenty percent of the initial face amount, it remains level until it expires.
Visit our Eugene Insurance Agency, or call our office, for a quick FREE Term life Insurance quote to compare Eugene Term life Insurance rates. You may also submit the form below and we will contact you within one working day.
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