Term Life Insurance

​At Elevated Insurance Group, we understand the importance of having the appropriate life insurance coverage to safeguard your financial stability and give you peace of mind. If you’re looking for a simple and easy to use tool for life insurance, click on this link https://www.eiginsurancegroup.com/life-insurance-rater.html

You might be unsure whether term life insurance is the best option for you. When thinking about term life insurance, keep the following important considerations in mind:

1. Cost-efficient insurance Term life insurance is a common option for many people because it is sometimes the most affordable  life insurance available.
2. Temporary protection: Term life insurance is made to offer protection for a predetermined period of time, usually between one and thirty years. If you don't renew the policy after the term has passed, the coverage expires.
3. Flexibility: You can select the term of coverage with term life insurance that best suits your needs. 
4. Convertibility: Many term life insurance policies offer the option to convert to a permanent life insurance policy at the end of the term without the need for a medical exam.
5. Coverage amount: With term life insurance, you can typically purchase coverage in increments of $25,000 or more, making it easier to tailor your coverage to your specific needs.
6. No cash value: Unlike permanent life insurance policies, term life insurance policies do not build cash value over time.
7. Medical underwriting: To qualify for term life insurance, you will typically need to undergo medical underwriting, which may include a medical exam and a review of your medical history.
8. Premiums may increase: Depending on the policy, premiums for term life insurance may increase over time, especially as you get older.

​When considering term vs whole year life insurance, it's important to weigh the pros and cons to determine which is the best option for you and your family. Consider factors such as your age, health, financial situation, and long-term goals to determine what type and amount of life insurance coverage is right for you.

Here at Elevated Insurance Group we offer life insurance coverage from dozens of highly rated insurance companies. EIG is an independent family owned insurance agency located in Hershey, PA. Give us a call at 717-500-1978 for a life Insurance quote today.