Once you have taken on the responsibility of the head of household, you should consider a term life insurance policy. Even if you do not have direct responsibility for dependents, a term life insurance policy can protect your loved ones from suffering should there be a need for a death benefit.
What are the most important aspects of term life insurance? Let’s take a look at the characteristics of a great policy in Topeka, KS.
- Low cost – Because term life insurance is only for a specified amount of time, it is much less expensive than whole life insurance. If you’re looking for protection in a cost-effective package, term life insurance is the way to go.
- Flat premium – A term life insurance policy should not have premiums that increase as the insured person gets older. Although the renewal rate may go up, the contracted rate will remain the same over the entirety of the term.
- Yearly renewable term options – YRT policies do not have a specific term, but they can be renewed each year without having to go through a new medical exam or other evidence of insurability.
- Benefits – The benefits of a term life insurance policy should cover the lifetime day to day expenses of a spouse or children should the death benefits be invoked.
The Blackstone Agency specializes in providing term life insurance for people in and around the area of Topeka, KS. When you are ready to protect your loved ones from an unexpected death, give one of the dedicated term life insurance experts at The Blackstone Agency a call or an email.