Term Life Insurance is the generally considered the original, most simple and most affordable form of life insurance. As the name implies, Term Life Insurance is designed to insure for a specific term, usually 10, 15, 20 or 30 years, and provide affordable protection at a scheduled premium level. Term Life Insurance is often considered to be the least expensive way to purchase a substantial death benefit, based on a coverage amount per premium dollar basis. Additionally, Term Life Insurance is the most popular type of life insurance available today. Generally, a person will choose a coverage level, a term and name a beneficiary as the person they want to receive the death benefit. If … [Read more...]
Texas Life Insurance
December 6, 2010 By
Final Expense Insurance: Final Expense Insurance, also known as "burial" or "funeral" insurance is a life insurance policy with a low face value, typically $5,000 to $25,000, designed to help take care of the “final expenses” associated with one’s death. Many individuals are concerned with making sure that loved ones are not left shouldering the burden and costs associated with death. Final expense life insurance is purchased and issued directly from an insurance company and are typically either "term life" (which covers you for a specific time period or until a certain age, then expires) or "whole life" (which is permanent insurance and covers you for the rest of your life). Read … [Read more...]