LIFE INSURANCE
TERM INSURANCE: COVERAGE FOR A PRESCRIBED WINDOW OF TIME
Term insurance tailors to meet temporary needs. It provides protection for a specific period of time (the “term”) and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or you pay off a particular debt, such as your mortgage.
The Consumer’s Guide to Life and Health Insurance can serve as a first step to help you find the right policies for you. But remember, the best way to figure out the right coverage to preserve the way you work, live, and play is with your qualified and licensed Tracy-Driscoll life insurance professional.
Term insurance is available to purchase in 10-year, 15-year, 20-year or 30-year terms. Some policies include a return of premium as well.
PREFERRED NON-TOBACCO $500,000 LIFE POLICY
| 15 Year Term | ||
|---|---|---|
| Age | Monthly Rate | |
| Female | Male | |
| 30 Year Old | $21.25 | $21.67 |
| 35 Year Old | $21.25 | $21.67 |
| 40 Year Old | $26.60 | $31.25 |
| 45 Year Old | $37.92 | $45.83 |
| 50 Year Old | $52.33 | $69.51 |
| 55 Year Old | $79.58 | $116.67 |
| 60 Year Old | $128.33 | $190.00 |
| 20 Year Term | ||
|---|---|---|
| Age | Monthly Rate | |
| Female | Male | |
| 30 Year Old | $23.96 | $28.17 |
| 35 Year Old | $25.42 | $28.17 |
| 40 Year Old | $32.96 | $37.08 |
| 45 Year Old | $45.83 | $59.58 |
| 50 Year Old | $67.50 | $89.59 |
| 55 Year Old | $101.67 | $144.58 |
| 60 Year Old | $170.83 | $248.33 |
