• Temporary insurance protection
• Low cost
• No cash value
• Usually renewable
• Sometimes convertible to permanent life insurance

• Permanent insurance protection
• More expensive to own
• Builds cash value
• Loans are permitted against the policy
• Favorable tax treatment of policy earnings
• Level premiums

• Return of Premium Option: This rider will return the entire premium that you paid for the life insurance policy if you keep your policy for the entire term period, whether the policy was a 15, 20 or 30 years duration. There also is some partial return of premium for policies canceled before the end of the term (depending on the year it’s canceled – the longer it’s kept, the higher the amount of the return.)
• Conversion Feature – allows you to convert the policy to a permanent life insurance plan without evidence of insurability.
• Accelerated Death Benefit – allows access to a portion of the death benefit if the insured is diagnosed as terminally ill by a licensed physician (usually must be terminal within 12 months).
• Children’s Insurance Option – a rider that provides term life insurance coverage on each child of the insured’s family.
• Waiver of Premium Option – this rider will ensure that the insurance company will continue to make your life insurance premium payments if you become disabled.
• Accidental Death Benefit Option – an additional death benefit (amount will vary by rider) will be paid if you were to die by accidental means.
• Spousal Discount - if both a husband and a wife or two business partners purchase life insurance at the same time, then a discount will be deducted each year from the total cost of both policies.

The life insurance application starts when you submit an application and complete a free health screening.

The health screening is free and can be scheduled at your home or work. The screening typically consists of medical history questions, blood and urine sample, blood pressure reading and a height/weight verification. Sometimes additional requirements are necessary, such as an EKG.

Once we receive your completed life insurance application, it will be submitted to the insurance company. Underwriting usually takes approximately 4-8 weeks and may include ordering your doctor records and, in some cases, an additional phone interview. Assuming your life insurance policy is approved, it will be mailed to you directly for your review.