5 Year Term Life Insurance

| February 28, 2019

article image
Because of it's low premium costs the 5 year term life insurance policy is one of the easiest policies to understand. It maintains a guaranteed level premium for 5 years. With many companies, if you don't convert this policy, you will have no more insurance after the 5 year period has passed. In other cases, however, the 5 year term insurance premium increases at the end of the first 5 years and may increase every 5 years thereafter. Compare Low Cost Term Life Insurance Quotes From Highly Rated Carriers - Apply For Up To $10,000,000 Coverage - Save Up To 70%. This kind of life insurance policy is considered temporary life insurance. 5-year term life insurance is designed to fulfill temporary insurance needs. Advantages Of 5 Year Term Life Insurance. This policy has one of the lowest premiums you can find in a life insurance policy. The death benefit remains level for the duration and is guaranteed. The death benefit is paid to your beneficiary free of income taxes in most cases.

Spotlight

Tokio Marine Seguradora S/A

Transparency and trust. Tokio Marine takes in its brand and philosophy the values ​​that make it one of the largest insurance companies in the world: providing tranquility and protection for companies and individuals.

OTHER ARTICLES

8 Types of Business Insurance Your Company Should Consider Having

Article | February 26, 2020

Financial losses from a product defect, data breach, serious illness or work-related automobile accident can force business owners to close their doors if they're not prepared. The cost of an unexpected event can be substantial. Hiscox quotes a 2014 study of small business owners, saying the average cost to defend and settle an employee lawsuit was $160,000. Employment litigation is just one type of risk your small business may face.

Read More

AI and Virtual Assistant for Insurance Sector: 10 Ways to Maximise Performance

Article | February 17, 2020

Evolution in business concepts and implementation of the latest technology trends are driving the thriving growth of businesses. Among all, artificial intelligence is best known to transform a business by automating the processes and making the tasks seamless. And the inventions like virtual assistant and chatbots are practically implementing these concepts to showcase results that promise skyrocketing growth and boost in business.

Read More

How Are Chatbots and Artificial Intelligence Are Adding Value To The Insurance Sector

Article | April 7, 2020

Chatbots are capable of providing one-on-one consultancy to website visitors, customers, as well as internal employees. In the insurance industry, this is vital, as it is a large, complex industry that customers and employees alike may have questions about. Where do chatbots fit in within the insurance industry? One of our chatbot experts has crafted a list of key areas for chatbots in the insurance industry.

Read More

Does Business Interruption Insurance Cover COVID-19 Closures?

Article | April 2, 2020

Our clients are asking us: Do commercial property and, specifically, business interruption insurance policies provide coverage for COVID-19-related losses? As discussed below, it is critical that you promptly review your company’s policies, exclusions and relevant endorsements to evaluate whether your business has coverage in the wake of COVID-19. If appropriate, you should make a claim with your insurance carrier.

Read More

Spotlight

Tokio Marine Seguradora S/A

Transparency and trust. Tokio Marine takes in its brand and philosophy the values ​​that make it one of the largest insurance companies in the world: providing tranquility and protection for companies and individuals.

Events