WRL Public Content Viewer Portlet
WRL Public Content Viewer Portlet

Why Term

  • Offers flexibility to select coverage for a specific length of time
  • Provides cost-effective alternative to permanent coverage
  • Contains conversion feature to help meet future needs

The Need
Meet Jon and Suzy, a newly married couple in their early thirties. Suzy is pregnant with their first child and they just recently bought a new home. They both realize their need for life insurance, but don't have a very large budget to work with. Since they are a two-income family, they are concerned with paying mortgage payments on their home while maintaining the same lifestyle they've grown accustomed to if something were to happen - especially with a baby on the way.

The Solution
During their meeting with their professional life insurance agent, Jon and Suzy learned that term life insurance is the most appropriate fit for their needs and fits into their budget. It also can provide up to 30 years of coverage, which could be used for future mortgage payments, if either Jon or Suzy were to die unexpectedly. Additionally, their policy included a conversion feature should their goals or objectives change. The feature allows them to convert the term policy to a permanent policy with an equal amount of coverage without having to prove insurability.

Term Life and You
This is just one example of how term life insurance may work for you. Your life insurance agent will be able to discuss what product would work best in your unique situation. Life insurance is one of the most important decisions you will ever make. Contact a financial professional today!