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Posts from the ‘Mortgage Insurance’ Category

12
May

What Term Life Insurance Options Are Right For You?

For providing pure life insurance protection the most popular plan is Renewable and Convertible Term Insurance.  This is the most basic form of insurance and is the simplest to understand.  Coverage is provided for a specified term, the policy renews automatically at the end each term period until the policy expires, most commonly at age 85.  This plan has the lowest initial cost at entry, but don’t be mesmerized by the low cost because on renewal you will pay a substantial increase.  If, however, you become uninsurable before the end of the term period you will have no other option but to renew if you want to keep the coverage. Read more »

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