We offer insurance for every stage of life.

What Is Term Life Insurance?

Term life is the complete opposite of whole life. Term insurance is designed to give a great deal of coverage at a low premium. They are used to cover temporary expenses such as a house that needs to be paid off or the upbringing of small children that live in the household. They are not designed to be permanent insurance. They will cover you only for a specific amount of time, usually 10, 20, or 30 years. After your allotted time has expired, you must purchase or renew your term policy, and it is going to be based on your current age and health condition, so it will be more expensive than it was originally.

Term policies are always cheaper than whole life because they only cover you for a certain amount of time, and they do not accumulate cash value. When purchasing a term policy, it is important to have a full understanding of what you are getting and try to renew before your policy expires. Term policies are a great fit for young to middle age couples with young children.

Why Do You Need Term Life Insurance?

Term life insurance is a valuable financial tool that offers specific benefits for individuals with temporary coverage needs. If you have dependents or financial obligations that will diminish over time, such as a mortgage or education expenses, term life insurance can provide the necessary coverage. It ensures that if something happens to you during the specified term, your beneficiaries will receive a death benefit to help cover these financial obligations.

Term life insurance tends to be more affordable compared to permanent life insurance options. Since it provides coverage for a specific period, premiums are generally lower, making it accessible for individuals on a budget or those seeking temporary coverage without a significant long-term commitment.

How Can Porter Insurance Professionals Help?

Porter Insurance Professionals will assess your coverage requirements and financial goals to help you determine the appropriate term length and coverage amount. We work with a wide range of insurance providers, allowing us to compare policies and find the best fit for you.

As an independent insurance agency, we have access to multiple insurance providers. We will gather quotes from various companies and present you with competitive options. This allows you to choose a policy with favorable terms and rates. We’ll also assist you throughout the application process, ensuring that all necessary paperwork is completed accurately and efficiently. Our team will address any questions or concerns you may have, making the application process smooth and hassle-free.

Contact Us

Call us today at 1-844-300-0011 to set up a consultation. You can also reach us here.