- Term life insurance provides coverage for a specific period of time and is renewable after the term is up.
- Our term life insurance can be a great option for individuals, couples or business owners Who it’s for
• Taking care of childcare expenses or household bills
• Have debt, a mortgage or other financial obligations
• Want to provide for their beneficiaries and cover final expenses in
case of unexpected death
• Own a business and want to protect their company from the loss
of a key employee
• Helping them stay in the family home
How it works
Term’s wide range of flexible features, your clients can:
• Choose from four coverage options (Term-10-40, Term Life)
• Insure multiple lives
• Apply for single, joint or combined coverage
• Renew at guaranteed rates
• Convert to equal or less permanent coverage without additional
underwriting
• Add coverage using a wide range of riders
Additional features
Term Life Insurance
• Health-style underwriting for the best fit premium
• Simple quick and easy access to Critical illness insurance
Optional riders:
• Total Disability Waiver rider (TDW)
• Child Protection rider (CPR)
• Accidental Death and Dismemberment rider (AD&D)
• Guaranteed Insurability Option(GIO)
Faq
1. What’s this coverage ideal for?
• Offers an easy and convenient way to help protect your family’s
financial future for the short term
3. How long will I be covered for?
• A set number of years (referred to as a term) – usually 10 to 40
years – with the option to renew at the end of the term
4. Will I need a medical exam?
• Medical and Non Medical Plans are available
6. Will my payments increase?
• Your payments are guaranteed not to change for the entire term;
payments will increase at renewal but will then be guaranteed for
the entire renewal period
7. Is the policy cancellable at any time?
• Yes
8. Is there a money-back cancellation period?
• No; however if you cancel, you will only pay for the time when you were covered
Disclaimer
This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by HM Insurance or any of its affiliates
