Florida Term Life Insurance

Florida term life insurance is almost always the most affordable life insurance you can buy. “Term” provides life insurance protection for a specified period of time. It's generally the low cost option versus permanent life insurance such as whole life. Term life is available in varying time periods of coverage with fixed premiums from a 1 to 30-years period (level term). An added bonus is that with some insurers, Florida term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.

There are many options for Florida term life insurance and many underwriters offer special conditions which may be to your advantage depending on your coverage requirements and financial condition. Some examples include:

• There are three typical forms of term life: level term, where the premiums remain the same every year; convertible term, where you may be able to convert to a permanent life insurance policy before your policy expires; renewable term, where you can renew your policy for an additional period of time.
• Some insurers offer term life with no requirement for a medical exam.
• Term life is available for people over the age of 65 if you still need life insurance in your retirement years.
• Decreasing term life insurance, also called “mortgage life insurance”, can be a very affordable alternative if the coverage meets your financial needs.
• Yearly renewable term insurance may be the most affordable option for you if you need a high death benefit for a short period of time.
• Waiver of premium options are available. If you are disabled during the term of the policy your premiums are waived while your policy remains in force.
• An accidental death benefit rider can be added to some policies for a small fee. If you die in an accident the insurer will pay and additional amount based on the units that you purchase.
• Return of premium term life insurance is available from some insurers. If you outlive the term of the policy you get all of the premiums you paid back.
• Term life insurance is an invaluable assistance for large and small business owners and partnerships to assure continuation of the business when a key employee, owner or partner dies.

These are just a few of the many options. A Florida term life insurance expert at Storick Insurance Group will help you determine if term life is your best life insurance option, and which insurer can offer you the best rates and the best options that meet your needs. Call us today for a free Florida term life insurance quote!