FFM - Term Life Insurance

“Term Life Insurance is often times a very inexpensive method to obtain a needed amount of death benefit for a specific period of time. Term Insurance is "temporary insurance" and often times used by younger people who cannot afford the higher premiums associated with permanent polices that build cash value.”

Mark R. Fielder
President, FFM, LTD.

Choose Your Coverage Period

Term policies are usually offered for a period of 5, 10, 15 and 20 years. During that period, the owner/insured is obligated to pay a level premium to avoid lapsing the coverage. Premium payments can be paid annually, semi-annually, quarterly or monthly and are guaranteed NOT to increase for said period.

Term Life plans offer various optional provisions or 'riders' that include, but are limited to such items as premium waivers (in event of disability), accelerated living benefit riders, accidental death riders, conversion options and other such options. There is usually an additional cost for these optional riders.

For example, converting your policy at the end of specified period may be an attractive option. In many cases, the insurance company will credit your new policy with the monies you already deposited, under certain guidelines.

For older insureds, Term Life can prohibitively expensive and is not generally recommended for use in an estate plan, which calls for guaranteed liquidity at death. By clicking HERE, you can determine your exact Insurance Need.

You may have heard this rally cry before. Some financial planners and stockbrokers will suggest that you should keep your insurance separate from your saving strategies.

The conventional wisdom behind this is one where you purchase the lowest cost Term Life plan and use your other discretionary assets to buy stocks, mutual funds or some other type of investment median. It could be argued that this is a good approach for some people, especially 20 years ago.

However, today one can combine the two and receive extended tax privileges in doing so, that would not otherwise be available to the investor/insured.

Carriers

As in any other industry, certain companies are better equipped at writing certain types of business than others write and Term Life is certainly no exception. Because Term rates can change weekly, we suggest that you contact us directly IF you are serious about purchasing a Term Life policy within a relatively short period of time. Otherwise, wait until you are absolutely ready.

Using our network of industry contacts and database of carriers, we will be able to locate a low cost, competitive policy for you within 48 hours. However, we will not sacrifice the quality of the company just for a lower price.

Action To Take

If you would like to learn more about Term Life and receive a no-obligation quote,
please click HERE.

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Securities are offered through Girard Securities, Inc. member FINRA, SIPC.
Mark R. Fielder, Registered Principal. CA. Insurance Lic. # 0690576.