1. What does convertible term insurance mean?
2. Is there a term insurance that allows you to pay the same premium forever? Example: My age is 25, my premium at this age is $80/year. Can I still pay the $80/year even if I already 65 years old and older?
Yes there is a term insurance company that'll alow you to pay your premium at the rate you are at age 25 for 35 years so you'd be 60 before you'd have to renew.
So you would pay for 35 (only company offering 35 is Primerica Financial Services) years the same premium as if your were still 25.
We all know with age comes sickness so you want to lock in your premium at a young age.
BTW....with Prmerica its automatically approved if you decided to renew your policy at the age 60 (35 years)
You will be charged for the going rate of a 60 year old without any medical questions. Covering you up to the age of 95.
But if you start to invest your money now, which your young enough to do, you wouldn't need life insurance at 60 years old.
Rule of Thumb: Life Insurance doesn't have to be paid FOR YOUR WHOLE LIF
2. Is there a term insurance that allows you to pay the same premium forever? Example: My age is 25, my premium at this age is $80/year. Can I still pay the $80/year even if I already 65 years old and older?
Yes there is a term insurance company that'll alow you to pay your premium at the rate you are at age 25 for 35 years so you'd be 60 before you'd have to renew.
So you would pay for 35 (only company offering 35 is Primerica Financial Services) years the same premium as if your were still 25.
We all know with age comes sickness so you want to lock in your premium at a young age.
BTW....with Prmerica its automatically approved if you decided to renew your policy at the age 60 (35 years)
You will be charged for the going rate of a 60 year old without any medical questions. Covering you up to the age of 95.
But if you start to invest your money now, which your young enough to do, you wouldn't need life insurance at 60 years old.
Rule of Thumb: Life Insurance doesn't have to be paid FOR YOUR WHOLE LIF
1 komentar:
I am extremely happy to know about this type of life insurance policy that is having such kind of feature and promising benefits. Thanks a lot for sharing detail about convertible term life insurance policy. I will consider this plan.
business insurance
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