Decreasing Term Life Insurance

Decreasing Term Life Insurance

Decreasing term life insurance is a special form of term life insurance designed to cover a borrowing obligation.  It’s rare for life insurance agents/brokers to sell this type of life insurance.  Instead, loan officers such as mortgage brokers and F&I managers at car dealerships are the people who traditionally sell this type of life insurance. …

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What Is Term Life Insurance & How Does It Work?

The Basics of Life Insurance Part I

The simplest form of life insurance is called Term Insurance.  Term takes its name from the notion that it is purchased simply for a term (period of time), after which is it no longer renewable.  Not that long ago the general rule was term products were renewable to age 75 and that was it.  More recently this has been reviewed and some companies are offering term products that can be renewed past this date.  This is also governed by state insurance law so you should check on this for your specific state.  

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