Straight Term Insurance
Our affordable Term Life Insurance offers a death benefit for a specified term, ensuring your loved ones’ financial stability in case of any unfortunate events.
Term insurance is a straightforward and affordable type of life insurance. It provides coverage for a fixed period—like 10, 20, or 30 years. If the insured person passes away during that time, the chosen beneficiary receives a lump-sum payment (called the death benefit). Why people choose term insurance: It offers high coverage at a lower cost. It’s ideal for covering big responsibilities like a mortgage, children’s education, or family income replacement. It gives you peace of mind during the years your loved ones need protection the most. In short: Term insurance is simple, affordable, and designed to protect your family’s financial future.
Term Convertible Insurance
Convertible Term Insurance Explained Convertible term insurance is a type of term life insurance that gives you the flexibility to switch your policy into a permanent life insurance plan by the time the policy is getting expired—such as whole life or universal life—without needing a medical exam or proving insurability again. This option is valuable because: You can start with the lower cost of term insurance. Later, if your needs change, you can convert to lifelong coverage. It protects you if your health changes, since you won’t have to re-qualify. In short: Convertible term insurance combines affordability today with the flexibility to secure permanent protection in the future. So, this policy is a permanent coverage. However, if you keep the same premium, the coverage would be reduced according to the plan it is converted to (Whole Life, Index Universal Life) and your age at the time it is converted.
Key Features:
Coverage Amounts: Usually smaller than traditional life insurance, ranging from $500,000 to $15,000,000
Term Life Policy: Premiums stay the same for the period of time that the coverage is taken for (10 years, 20 years, 30 years, etc).
Simplified Approval: Many policies don’t require a medical exam—just health-related questions—making it accessible to seniors or those with health issues.
Quick Payouts: Beneficiaries can often receive funds faster than with larger life insurance policies, helping them pay immediate expenses.
What It Covers:
Whole insurance can be used for:
- Funeral and burial costs
- Cremation expenses
- Medical bills not covered by insurance
- Outstanding debts (like credit cards or small loans)
- Everyday expenses for loved ones
- Generation wealth: Wealth left behind for your love ones
- Retirement
WHO NEEDS IT?
Index Universal Life Insurance is especially helpful for:
- Every individual from the age 18 years through 60 years
- Individuals who don’t want to leave funeral or medical costs to their family
- People looking for affordable, easy-to-get coverage
- Parents mostly with minor children
