Term life insurance provides excellent coverage to cater for several unexpected conditions such as accidental death and the cost of medical bills in case the insured becomes ill. These costs can add up and become very difficult for the insured to pay using his savings. However, with a robust insurance plan like the Preferred Elite term, you can easily secure yourself.
Having good health is a plus in obtaining any kind of term life insurance in virtually every insurance company, Preferred Elite term insurance is no difference. As a matter of fact, this insurance plan is created for applicants with the healthiest health condition. It guarantees to offer mouthwatering perks that can help you improve your life dramatically.
What to Obtain in Preferred Elite Term Life Insurance
Preferred Elite Term Life insurance includes four terms namely 10-year term, 20-year term, 25-year term and 25-decreasing year term. However, the face amounts for each of these plan options are the same. The minimum face amount is $500,000 and the maximum face amount is $1,000,000 for each term.