This is a question we are asked quite often, typically when we are doing  annual policy reviews with our clients.  Unfortunately, the answer is always “no, the term is set when the policy is issued, after which time it cannot be extended.” When discussing a new term life insurance policy … Continue reading Can I Extend the Term on my Term Life Insurance Policy?

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A term life insurance policy, as the name implies, lasts for a specified period of time – the term of the policy.  If you purchase a 10-year term policy, your beneficiaries would receive the death benefit if you were to die within the 10-year term of that policy.  The same … Continue reading What Happens when your Term Life Insurance Policy Ends?

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I just spoke to a 68 year old gentleman who was looking for a 30 year term life insurance policy.  At his age, there aren’t any companies that would issue a term policy for 30 years, so we looked at a 20 year term policy with a $1,000,000 death benefit.  … Continue reading Term Life Insurance for Life

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As long as there has been life insurance, there has been an ongoing controversy about which type is best whether – term or permanent, like whole life insurance or universal life insurance. There really is no controversy, but it seems like there are some interests that may want to fuel … Continue reading Whole Life Insurance – The Life Insurance “Controversy”

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