This type of policy is best if you’re looking to cover short-term financial obligations that will last 10 years or less, like paying off student loans. As the most affordable type of life insurance, term life insurance is a good fit for many people looking for financial protection while they raise a family, pay off a mortgage, or manage other financial responsibilities.Īs the shortest term policy generally available, 10-year term life insurance will keep you covered for a decade. Contact one of our representatives today to learn about the benefits of term life insurance and how you can take advantage of our low-cost coverage.Ten-year term life insurance is a type of term life insurance, which covers you for a set period of time. However, term life insurance provides a simple, affordable and comprehensive way to ensure the financial security of your loved ones, regardless of your age or family and work situation. The idea of dying unexpectedly is not pleasant to contemplate. Even if you take out credit card payment insurance and loan insurance, will it really cover everything? An extra $25,000 in insurance could be enough to relieve the burden of any debts you leave behind. Term life insurance can also help cover your debts. Remember, each type of insurance has a role to play. ![]() Term life insurance isn't dependent on your job or on another financial product. While mortgage loan insurance covers you for the duration of your mortgage, it only covers the insured loan amount. Group insurance is tied to your job and could vanish overnight. You may think that you don't need life insurance because you already have group insurance, mortgage loan insurance or another kind of life insurance. Insurance that complements your existing portfolioĭo you have enough life insurance? Your life insurance coverage needs to be sufficient to pay off debts and ensure that your loved ones are taken care of after your death-whether that means paying off your mortgage, financing their education or simply ensuring peace of mind. Even after your business is well established, you may want temporary coverage while expanding, adding a franchise or preparing to transfer the business to your children.Īnswer 4 simple questions to get a quote online. You can even apply online!Īre you a new parent or expecting your first child? Term life insurance will help protect your family’s financial future.Īre you an entrepreneur? Term life insurance can protect your hard work and help you achieve your business goals. Here are a few examples:Īre you a student, just entering the job market or facing your first financial obligations? You'll appreciate the simplicity and low cost of this type of insurance. Term life insurance is well suited to many situations, whether you're taking out insurance for the first time or need a solution for your short-term financial needs. ![]() ![]() You can easily purchase term life insurance over the phone or online. A 10-year term life insurance policy will be renewed for another 10 years at expiry without you having to take any action. It can be renewed automatically, although your premiums will increase. Term life insurance protects you for a limited time, for example 10 or 20 years. With amounts and premiums tailored to your situation, term life insurance helps ensure your loved ones will be taken care of in the event of your death. Term life insurance is a good first step in protecting your family's financial future and can be useful at every stage of life.
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