TERM LIFE

Term life insurance can be purchased in large amounts for an initially small premium. It's well-suited for short-range goals, such as coverage to pay off a loan or provide extra coverage for families with young children.

• Affordability- initially purchase a large amount of coverage for a small premium.

• Renewable- you have the option to renew coverage at the end of your desired term.

• Convertible- exchange a term policy for a permanent policy when you need.

• Death benefit- life insurance proceeds are generally income tax free to the beneficiary.