Term Life Insurance
Term insurance protects you for a period of time specified within the policy. Premiums are relatively inexpensive when you are younger, but each time you renew the term, premiums will increase to reflect your age and health at that time. Many policies require that you present evidence of insurability at renewal to qualify for the lowest rates. Many are also convertible to permanent life policies -- whole or universal -- when you are able to afford the premiums required for a cash value policy.
You should consider a term life insurance policy if you are:
- young and looking for low-cost coverage.
- purchasing a home or car, where the financial burden of a loan will disappear in time.
American United Life Insurance Company® can help with term life insurance options for you and your family.