· Term life insurance premiums are lower than permanent insurance.

· Term life insurance is great for covering specific needs that will disappear in time. Some examples are mortgages or family income, and needs for children.

· Term life insurance can serve as mortgage protection for your family due to untimely death of the insured.

· Term life insurance offers higher face amounts with more affordably when the need for protection often is greatest.

· Term insurance is an effective way to get the most coverage at the lowest cost for up to 35 years in some cases.

· Term life insurance policies do not build cash value.

· A term life insurance benefit is paid only if you die during the term of the policy coverage. If death occurs, the beneficiary collects the face amount (death benefit) of the policy income-tax free.

· Premium rates for renewals of term life insurance policies will generally increase at the end of the guaranteed policy period. Term life insurance policies require that you provide evidence of insurability at renewal to qualify for these rates.

· If your life insurance needs change, many term life insurance policies carry a conversion privilege that will permit you to convert your term life insurance coverage to permanent or a Whole Life Policy without a medical exam. It is important to check the conversion privileges of the term life insurance policy before you make your purchase.

term life, life insurance, no exam, no exam life, term quotes, quotes, life, 500000, quick issue term, smart life