My client called and was looking for a $500,000 30 year guaranteed level term life insurance policy.
We collected the information Female 38, preferred non smoker
We only offer top tier carriers and have 30 carriers to choose from
We were able to offer her a $500,000 death benefit for $645 annually for 30 years
Policy is subject to underwriting pending a paramed exam and health history review.
There are also some great Guaranteed Universal Life products that provide the ability to use the face value for nursing home care or terminal illness care as well.
Whole life is a policy with more guarantees if you desire a cash value plan. The plans are in a higher premium range because the carrier is promising you more under the life contract.
There is no wrong choice just the one that best provides your family with the best solution to cover your needs.