Life insurance is an integral part of any person’s financial portfolio. There are countless options to consider in a life insurance plan, and you should implement one that best fits you and your families’ personal and financial needs.

One of the most common types of life insurance is term. A term policy is temporary solution coverage only. On the death of the insured it pays the face amount of the policy to the named beneficiary. You can buy term for periods of one year to 30 years. With term insurance, you can lock in the same monthly payment over the life of the policy.

Premiums for term insurance are relatively inexpensive for people in good health up to about age 50. There are certain restrictions on age for some term policies, so contact your LEI life agent for more information on age qualifications.

Term life insurance is a good option for people only looking for coverage for a specific amount of time. The premiums for term policies are some of the most inexpensive of all life insurance products on the market.

The affordability of term premiums make this a policy that any budget can afford, securing financial protection for your family and loved ones.

You can always extend your term policy for as many years as you want if you feel like you need to add more coverage.

If you're looking for a whole life policy that you'll want to keep 20 or 30 years, the financial soundness of the insurer is a critical concern. You will want to have some assurance that the company will be around in 30 years, in case you aren't. LEI can help with all of your life insurance and financial planning needs. Our certified life agents are knowledgeable and ready to help you make the most of your money.

Contact an LEI financial coach today to explore the endless possibilities available in a whole life insurance plan.

Click Here For a free Term Life insurance quote assessment