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Term Life Insurance Plans

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(208) 557-1234

Hours: Open Monday-Thursday 9:00 am-5:00 pm & Friday 9:00 am-1:00 pm MST

Term Life Insurance Plans

Often people want to get what’s best for their health and future. Life insurance plans are one of those important things people want. However, since there are many insurance companies providing life insurance plans, it can be quite challenging to determine which one is best.

What Is Life Insurance?

Life insurance is a contract between an insurance company and an individual. This contract states that the individual will be paying premiums for insurance that the company provides. This typically means an insurance company provides a lump sum payment, also known as a death benefit, to beneficiaries upon the individual’s death.

Generally, the type of life insurance selected depends on the needs and goals of the individual wanting it. The two common types of life insurance are term insurance and whole insurance.

What Is Term Life Insurance?

This particular insurance aims to provide an individual with financial protection for a specific period. This period could be around 10 or 20 years. This also means that the premium payment an individual has to pay remains the same throughout the selected term. However, once the term ends, the insurer may offer more coverage, but this usually involves a higher premium payment rate. Often people choose term insurance over other types of life insurance because it is generally much cheaper than others.

What Does Term Life Insurance Cover?

The term life insurance plan provides a lump sum to the beneficiary of the owner in case of death. As the owner pays premium payments, they can receive a large amount as coverage or a safety net for their loved ones.

The costs of term insurance, as we mentioned, is less than whole insurance plans. However, the payment amount may vary depending on the insurance company. A general rule of thumb is that the insurance activates only after 30 days of purchasing it. Anyone from the age of 18 and 60 can get it.

  • Benefits of term life insurance include:
  • Receive a lump sum
  • Pay small premiums
  • Select the right term
  • Insurance according to your needs and preference

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Call today to compare costs of plans, estimate your savings and get help with your enrollment.

(208) 557-1234

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“Casey Peterson is a gem! So knowledgeable and kind. He helped me make informed decisions regarding my mother’s Medicare options, what would work best for her personal needs complete with considering her current prescriptions and keeping in mind future possible problems. I feel quite confidant that he kept her interests at the forefront. Would highly recommend you get Casey in your corner!”

– Trish R via Google

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2440 Jafer Court
Idaho Falls, ID 83404

(208) 709-9898

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IDAHO FALLS LOCATION

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2194 Channing Way
Idaho Falls, ID 83404

(208) 557-1234

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POCATELLO LOCATION

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275 S 5th, Suite 146
Pocatello, ID 83201

(208) 557-1234

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We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.

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