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 Available in Foresters Level Term Life Insurance Plan
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.