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Level Term Life Insurance

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A Robust plan Fit to Maintain your Family’s Lifestyle

Sometimes you and your family need coverage for a specific period, rather than a permanent coverage, to cover the payment of college tuition, mortgage payments and so forth in the event of your death. In such a case, term insurance is a perfect coverage for you. Interestingly, Foresters Financial offers a robust level term life insurance that covers you for specific terms and adapted to your needs. Term life insurance is the best coverage for you if you intend to cover short-term debts and long-term debts like mortgages. You can also use term life insurance to cater for your children’s tuition fees and also to help your family stay in their home. With Level Term, you will get a pure protection for a limited period. The tax-free benefit will be paid to the beneficiary you named. The coverage comes in a three-term period: 10, 20 and 30 years terms.

Features and Benefits

Foresters Financial Level Term insurance includes some mouthwatering features and benefits. For instance, the coverage has guaranteed convertibility. This implies that you can convert your existing level-term policy to a permanent policy irrespective of your future health status. In addition, you don’t even need to answer any health question or take medical exams to convert the coverage. You can also leverage waiver of premium benefit that comes with the plan.

  • Level Term life insurance is for you if you want to cover short-term debts and long-term debts like mortgages. You can also use it to provide for your children’s education and to help your family stay in their home.
  • The plan comes in a three-term period and you can choose the one that best suits your needs. They include 10, 20 and 30 years terms.
  • The plan has guaranteed convertibility. This means that you can convert it to a permanent policy irrespective of your future health status. Furthermore, you don’t need to answer any health question or take a medical exam to convert the coverage.
  • Level Term Life insurance can be relevant to you if you are looking for a coverage to supplement your existing policy, or you have limited funds to opt for a permanent life insurance. You could also leverage this insurance plan for your business needs.
  • You can extend your basic protection by leveraging the waiver of premium rider built into this plan. You can purchase this additional protection if you are between 18 and 55. This coverage will help waive off premiums that fall after you become disabled and your premiums will remain waived as long as you are disabled.

 

 

Additional resources

Learn more about life insurance from these informative articles to help you decide in choosing the best plan for you.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

For more information, you may contact us at 1-877-574-7475, or complete the form below.

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