Our Term Life Insurance policy quote grants are instant and come right away. With Edgar Term Life Insurance, you get flexible and swift security that weighs light on the wallet too. We are one of the best term life insurance companies in the USA. EDGAR’s affordable Term Life Insurance is partnered with ETHOS, the name everyone trusts.
Term Life insurance is temporary. It’s like paying rent for the period (“term”) of the lease on an apartment. The period of a Term Life Insurance policy typically is 15, 20, 25 or 30 years. So long as the premium (monthly cost) is paid during the term of the policy the insurance remains in force. If the insured ceases to pay the monthly premium or cost of a term policy or once the Term duration of a policy is reached then the Term Life Insurance policy expires. With term insurance you are basically paying rent.
Flexibility talks. Whether you are starting with 20 grand or a million, we have your insurance security covered for 10 years to 30 years terms. EDGAR Insurance wants its customers to feel motivated and confident when settling with our policies. To bolster the credibility of their choice, a 30-day refund trial will be commenced. During this time, if a customer starts to feel cynical or has second thoughts, may come forth for a 100% refund. EDGAR is one of the top term life insurance companies because we provide affordable term life insurance quotes instantly and online.
You see, the word “term” itself gives away the hint of how Term Insurance works. It is a type of insurance that lasts for a limited period which is set by the insured person. The duration for a term of Insurance can go as high as 40+ years. In case the Insured person meets his/her demise amid active Term insurance, they receive the Death Benefit— a pay-out in the form of a pension, annuity, or life insurance. We consider ourselves to be one of the top term life insurance companies because we provide affordable term life insurance quotes.
The answer once again lies in the names of the two types of insurances. The term is temporary whereas Whole Life Insurance is planned out to last a person’s entire life. Whole Life Insurances weigh hefty on the wallet just to provide you with the same perks as Term insurances. This is what sets Term insurance apart. It matches the dire need of some Customers who want to layout a safety net for their loved ones without having to pay in excess. At the end of the day, the preferences of every individual can differ.
Let’s assume a case. What would happen after 20 years of your term life insurance? First of all, these 20 years will start from the day your coverage begins. If a policyholder dies before the 20 years, the insurance company pays a death benefit to the beneficiaries of the covered person. If the person covered lives for the coverage period, there is no more coverage, and no benefits are paid.
No, you cannot get cash value benefit in term life insurance. This policy only offers death benefits to the beneficiaries, not cash value accumulations.
No, you don’t get any maturity benefits with term life insurance. But in case of your untimely demise during that term, your nominee will get the death benefits. And if you outlive that period and have a “return of premium rider,” you get all the premiums back that you had paid.
Yes, you can reduce your death benefits by lowering the premium you pay.
Yes, your term life insurance will expire at the end of the contracted period. You determine this period when you purchase the policy.
Our life insurance services include term life insurance to those aged 20-65 and guaranteed issue whole life insurance to those aged 65-85. The length of our term life insurance ranges between 10-30 years.
If you retire and don’t have issues paying bills or making ends meet you likely don’t need life insurance. Although other insurance types like “Final Expense insurance” will e of benefit to you at the age of 60.
Both Term and Whole life insurances have their benefits and audiences. Before signing up for any of these, please consult us at (786) 432 1229