Term Life Insurance

Term life insurance provides your family with financial support in case of unexpected death with coverage periods ranging from 10 to 30 years.

As a result, you can choose the length of coverage you need for different life stages, such as paying off a mortgage, paying for your children's college, or replacing income during prime earning years.

A term life insurance policy offers life insurance protection at a low cost without investing in it, with premiums guaranteed for the policy's life.

Term life insurance also comes with living benefits, you may be able to protect your income and assets. If you’re diagnosed with a qualifying chronic, critical or terminal illness, you could make a claim against the death benefit of your life insurance policy while still alive.

Health insurance may not cover all the costs associated with a serious illness, such as mortgage payments, lost wages, utilities, food, college expenses, deductibles, co-insurance payments, uncovered medications and procedures. After the first 100 days of Medicare coverage, you’ll be responsible for paying 100% of any long-term care services.

Life insurance living benefits awards can generally be used to pay for anything you want, including mortgage, rent, auto loans, groceries, healthcare and travel. These awards are typically tax-free, subject to IRS regulations and conditions. They are not coordinated with health insurance proceeds and won’t affect payments from other policies.

Some examples of living benefits include:

• Accelerated death benefit: This allows the insured person to access a portion of the death benefit while they are still alive, if they are diagnosed with a terminal illness.

• Protection: I will help you protect your income and your assets while you enjoy the benefits.

• Disability income rider: This provides income replacement if the insured person becomes disabled and unable to work.

SJ Financial Services makes term life insurance easy and convenient. Once we gather a medical history and possibly conduct an examination, we can often issue policies within 30 days. Beneficiaries can use the death benefit payout in any way they choose - to cover funeral costs, mortgage payments, medical expenses, education expenses, daily living expenses, etc.