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YBL GROUP, LLC

Term Insurance typically provides a specified death benefit for a specified period of time.  A death benefit is only paid if the insured dies within the active policy term.  Terms typically range from one to thirty years.

Term insurance is like leasing an automobile.  It's yours for a period of time and it may come with some attractive options, but when the lease is up (or you quit paying,) it is no longer yours.  You have no equity.

Various riders can usually be added to term policies.  Some popular riders are:

Return of Premium.  The premium is a bit higher than straight term, but if a death benefit hasn't been paid out by the end of the term, all of the qualifying premium is returned to you.

Waiver of Premium.  If you become disabled and can't work, your premiums are paid for you.

Guaranteed Conversion.  For a specified period of time, you have the option of converting all, or a portion of your term insurance to permanent insurance.

Go to:     Permanent     Disability     Annuities