顾名思义, term life insurance is valid for a specific number of years – usually 10, 20, or 30. If you pass away during that timeframe, your beneficiaries will be paid the death benefit you choose when opening the policy. That death benefit can be used for anything the beneficiary desires, but typically it is meant to supplement your 收入 and provide a safety net to pay the 抵押贷款, 未偿债务, 让你的孩子上大学, and anything else you are obligated to pay.
每年, you’ll make a premium payment that ensures the policy is valid for another year and that payment stays the same throughout the life of the policy. If the term period expires and you are still alive, you’ll likely be able to renew the life insurance policy, 但速度每年都在加快. 澳博app下载 in Las Vegas, NV can help you with any questions you may have.
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To decide how much life insurance you need, there are a couple of approaches to take. First, you can simply multiply your current 收入 by how many years you wish to replace it. 例如, 如果你的薪水是100美元,000 and you want to ensure 10 years of 收入 should you pass, you’ll want to purchase a $1 million life insurance policy. 第二个, you can use the more comprehensive DIME method that has you add your debt, 收入, 抵押贷款, and anticipated college education needs for your children together to establish a baseline amount of how much money your family will need should you pass away.
Learn more about life insurance and discover how it can be a beneficial tool for your loved ones, by reaching out to 澳博app下载 in Las Vegas, NV. We take the time to learn about our customers personally so that we can make tailored recommendations based on need.