Term Life

Our term life insurance plans are competitive and flexible providing the ability to meet most family and individual budgets. Note: Lincoln Heritage does not offer a Term Product.

C Squared Group - Term LifeThe most affordable type of life insurance currently available is Term life.  This type of insurance is created to accommodate temporary life insurance requirements;providing protection over a specified time period, i.e., the term. For example, a term can be calculated as 10, 20 or 30 years. This type of life insurance can be justified in the instance of diminishing financial needs occurring over time, such as a child's tuition or home mortgage.

Premiums are paid annually to cover the risk of death during each year of the policy. It is important to note that Term life insurance contains no cash value. The only instance in which to collect anything is that a death occurs prior to expiration date of the term life insurance policy.  Should a death occur, the death benefit is generally awarded to the life insurance beneficiary named in the life insurance policy, free of income tax.

Easy Term:

The Easy Term insurance plan offers affordable life insurance protection available in 10, 20, or 30 year plans; the rates are guaranteed to remain level for the period you select, term to 95 with guaranteed premiums. The Death Benefit precedes passes to the beneficiaries, federal income tax free. The minimum premium is $25, and the minimum face amount is $25,000. A Terminal Illness Accelerated Benefit Rider, Accelerated Benefits Rider, and Confined Care are also available.

Easy Term provides a death benefit that can be used to pay off the mortgage, provide for your children’s education, provide additional income for your spouse, or provide for other final needs. You may customize your plan to fit your specific needs by adding the optional supplemental benefits and riders as the Disability Income Rider or Critical Illness Rider. See rider for more details.

Level Term Life Insurance:

Rates are guaranteed to remain the same during the first 10, 15, or 20 years, depending on the plan you choose. The premiums increase annually thereafter for the same number of years. The face amounts are unlimited, depending upon your qualifications.

With the Accelerated Benefit Terminal Illness Rider, receive payment of up to 100% of the face amount if you are diagnosed as terminally ill where life expectancy is 12 months or less.

At death, Level Term provides a death benefit that can be used to pay off the mortgage, provide for you children’s education, provide additional income for your spouse or provide for any other final needs. You may customize your plan by adding the optional supplemental benefits and riders.

The Total Disability Benefits Rider can provide a monthly disability income benefit of up to $1,500 for month for a maximum benefits period of two years. See the rider for complete details.

The Family Life Insurance Rider can provide decreasing term insurance on the life of the spouse and level term insurance on the life of each dependant child. See the rider for complete details.

The Terminal Illness Accelerated Benefit Rider can provide for you if you are diagnosed by a licensed physician with a life expectancy of 12 or less months, you may receives up to 100% of the death benefit. The payment of the accelerated benefit will reduce the death benefit proceeds by the amount of the benefit period. The premium for the policy will decrease in proportion to the amount of benefit paid. See the rider for complete details.

Young families in excellent health in their 30’s and 40’s can purchase term life insurance. Term life also offers extended plans for protecting your home, short term debt, salary protection for a surviving spouse until your youngest child reaches ages 18-21, (depending on the specifics of your plan) or other financial obligations that can protect your family from financial ruin.

Contact us today for more information!