Life insurance helps to secure the financial future for those who depend on you and it can also be a useful financial tool during your lifetime. The decision to buy term life insurance depends on your responsibilities and your financial needs for the future.
Term life insurance is a legal contract between you and the insurance company. In the event of your death, the company will make a tax-free payment to your beneficiary or estate, usually referred to as a death benefit.
Roger Menard Term Life Insurance
The Roger Menard Insurance Term 10 and 20 plans provide protection that is guaranteed at the same low cost for 10 or 20 years and are an affordable way to protect your family in the event of your death.
These plans also provide the flexibility to renew coverage for an additional 10- or 20-year term, at a higher premium, until the age of 80. In addition, they also include a conversion feature, which gives you the option to convert your coverage to a permanent life insurance or universal life insurance plan at any time prior to the age of 70, with no health questions or medical exam.
The premium you pay goes towards life insurance protection only. Most term life insurance policies do not build any cash value. However, most term life insurance policies do allow you to convert your insurance to a permanent life insurance or universal life insurance plan.