Term Life Insurance Helps Wade through Uncertainty

May 27 17:46 2020

Life Insurance Direct believes that term life insurance should guarantee the safety, reliability, and soundness of every family. All times are uncertain. Whether Covid-19 or Tsunami. term life insurance is there to protect during all uncertain times. Forbes says that it is the mission of Life Insurance Brokers to “give people the tools they need to provide security to families.” According to Forbes, Life Insurance Brokers “take a handle of the things they can control by providing guidance and assurance to clients, and working together to help them pull through.”

Advantages of Term Life Insurance

Flexible Terms – Term Life Insurance can range from 5, 10, 15, and even up to 30 years.  Many terms are renewable upon completion. The beneficiaries will receive the payout if the death of the insured individual is within the term of the life insurance.

Premiums and Claims – If the Life insurance is up to date, insurance brokers will take and assess a claim as like other forms of insurance. Payment is made to beneficiaries after death of an insured loved one. However, premiums are not returned if no claim is made.

Death Benefit – Term Life Insurance is used to cover the costs of dependent care, consumer debt, education for dependents, as well as funeral expenses.  

Less Expensive – Term Life Insurance is generally less expensive than standard Life Insurance. Life Insurance Brokers will advise clients not to purchase until funds have been gathered.

Simple – There is a form of term life insurance called an “annual renewable term.” This is a death benefit to beneficiaries if the insured individual dies within a year. There is a feature that can be added that can make this term renewable after the year is up.

Investment – Older adults who purchase term life insurance and die within the term period can pass on the payment to their beneficiaries who may be starting out in life. These payouts are not taxed because it is considered life insurance.

Online Calculator

A free quote can be ascertained by phoning 1-844-922-1392 or email [email protected] for a quote today. The Online Calculator is on the website https://lifeinsurancedirect.ca/term-life-insurance/.js-pop_up_tabswww.lifeinsurancedirect.ca.

About Life Insurance Direct

Life Insurance Direct is a life insurance brokerage that offers term life insurance from insurance companies across Canada. The mission of Life Insurance Direct is to offer safe, reliable, and affordable term life insurance for everyone. Life Insurance Direct will serve the situation with insurance needs and understand the importance of preparing for the future. Satisfaction is always guaranteed with affordable rates and premiums can be paid on an instalment basis.

Media Contact
Company Name: Life Insurance Direct
Contact Person: Media Relations
Email: Send Email
Phone: 844-922-1392
Address:240 Viceroy Rd unit 15, Vaughan
City: Toronto
State: Ontario L4K 3N9
Country: Canada
Website: https://lifeinsurancedirect.ca/

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