Quality Affordable Term Life Insurance

Term Life Insurance is an important piece of everyone’s financial security. We believe that term should be affordable but also provide the coverage and tools necessary for people of all ages.

Quality Term Insurance

Quality Term Life Insurance is all about the company that issues the insurance. There are thousands of insurance carriers out there, many have products that don’t compare to the companies that we use. We are an independent brokerage and have sought out the highest rated companies that have been in business over 100 years. We have the ability to shop over 80 carriers across the country to find the best Term Policy to protect you and your family.

Is your Term Policy Convertible to Permanent?

Another aspect to Term Life Insurance is the ability to convert to a high quality permanent product if you so choose. Many people understand the value of a permanent life insurance (Whole Life Insurance) product as part of an overall financial portfolio. Unfortunately, many people that choose a lower quality insurance carrier do not have an option to convert. Convertibility might not be important to you today, but no one knows what the future holds regarding our health and insurability. Some instances when you would want to convert Term Insurance would be in case of a future illness or if you would become permanently uninsurable as a result of disease, trauma, drug abuse, terminal illness or other condition.

A convertible Term Life Insurance policy is very easy to convert to a permanent policy. There are no health questions regarding insurability. Your previous term policy “locks in” your health rating as of when you originally purchase the term policy. In most cases, you can convert just a portion at a time to a permanent whole life policy. The remaining death benefit is still available to convert in the future, as long as the policy is still in force.

We call properly structured Whole Life Insurance “Infinite Banking” and it is our primary tool for long term multi-generational wealth building.

Term insurance can be be issued in 10, 15, 20 and 30 year increments. We normally recommend several policies to cover various life events. You may have small children that need to be covered for 20 years. Or you may be older and just have a need to cover 10 years or less. You may interested in starting an Infinite Banking policy and will have that converted in 5-10 years. We will work with you to find out the best options for you.

One of the biggest reasons most people need Term Life Insurance is because of the low cost of entry. In many cases a healthy person can get $100,000 in coverage for less than $10 per month. Considering that it is recommended that you will need ten to twenty times your income to protect your family. Most people can get $500,000 to $1 million for less than $100 per month (depending on age and health classification). Quality Term Life Insurance does not mean it is expensive. Consider taking care of your assets and your family in case the unexpected should happen. Go Fund Me is not a good life insurance replacement.

Reach out to us

Michael Sparks

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