L. Ashley Brooks, CLTC

Term life Insurance...
Original Articles by: L. Ashley Brooks, 2005 - All Rights Reserved

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Term Life Insurance General Agent Brokerage...

What would happen to your family if you died?

Did you know that most Americans don't have enough life insurance to take care of their family if they doe today? Experts say you should have 10 times your annual income to protect your family and your family's assets.

The good news is, the cost of term life insurance has never been cheaper! At Brokerage Services of Carolina, Inc, we search through hundreds of life insurance products and companies to find the options that will be the best fit for the proposed insured. By doing so, clients typically save up to 70%.

So what is term life insurance or "term insurance"?

Basically, term insurance is like "renting" an insurance policy.  You do not build any cash value but it is a cheap solution to a short term need for coverage.  One example of a situation that would call for term insurance would be if one has taken out a mortgage for, say, 15 years.  In this case, it may be of benefit to take out a "15 year" term policy whereby the premium is level for 15 years on a guaranteed basis.  This defined, limited, length of coverage is in contrast with a "permanent" policy or what is commonly referred to as "universal life insurance" or "whole life".  More about permanent policies can be learned here: Universal Life Insurance .
 

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