HarmacLife

Who really needs the death benefit protection that comes from life insurance? Anyone who has obligations that would leave a financial burden on loved ones should consider the benefits of life insurance. A life insurance death benefit can supply the resources to help overcome financial adversity as a result of death. Term life insurance is the least expensive option on the market today. Premiums for term life insurance remain level for the premium guarantee period. The death benefit is paid if the insured person dies while the policy is in effect. The policy generally has no cash value or surrender value. Because term insurance is relatively inexpensive and provides protection for a defined period of time, it can play a variety of roles in your financial road map – even if you already own a permanent life insurance policy. Supplement to Permanent Protection Even if you already have a permanent life insurance policy, there may be a place in your portfolio for term insurance. Needs change and evolve. If a review of your life insurance coverage finds that you have additional needs that are not permanent, purchasing a term life insurance policy may be a cost effective way to gain the additional protection.