Term Life insurance program features-
- Rates never change
- Your coverage cancels after a set period of years (10, 15, 20, 30)
- The premium is GUARANTEED to never increase.
- The benefit to your family NEVER goes down
- Qualification is more difficult and may include full medical exam
This type of program may include the following benefits in addition to the death benefit-
- Terminal Illness- Early complete withdrawal of the face value if diagnosed with a 12 month terminal illness
- Chronic Illness- Early withdrawals if you are unable to perform daily activities of living like eating, bathing, etc.
- Confined Care- Early withdrawals to pay for nursing home care
