How Level Term Life Insurance Works

Life insurance is always more affordable when you buy the policy when you are younger.  This the reason why I suggest that you give careful thought to the length of time or term that want or need the life insurance policy.

Should your health deteriorate towards the end of the term and you go to renew, your policy will cost even more or you might not be approved at all.

It is not just your age that affects how the life insurance companies rate a person, there are a number of variables which are also considered.  This includes the state of your health and your lifestyle along with your family history, gender and the results of your medical exam, and these are just some of the variables considered.

Is the Level Term Policy Convertible?

Many level term policies sold also allow you to convert your term policy into a permanent policy such as whole life or universal life at certain junctures in the life of the term.  The policy may also have an expiry period where you must convert by a certain date.

Although permanent policies are quite a bit more expensive to buy because of the savings component, most policies allow you to convert without having to take a medical exam.

This could be an ideal solution if you have developed serious or significant health problems and still want to keep your policy in place to cover mounting medical expenses and to ensure your family continues to be protected.

How to Find Affordable Level Term Life Insurance

You always want to talk to an independent agent like myself.  We can access and research dozens of companies so you are assured we will find the best policy at the most affordable rates.  If you have health concerns, don’t let that dissuade you because we can give you valuable advice and help you to find a policy that suits you.

Whatever your needs or questions then please call me direct at 877 – 966 – 9383.