Most human needs are not particularly short-term and cannot be termed long-term. Such needs may not be adequately covered with a very short-term coverage like Solution 10 and a long-term or permanent insurance coverage may not be adequate. For such a need, you need a longer-term coverage such as Solution 20 to make sure that you are adequately covered as much as possible.
The Empire Life provides Solution 20, a robust insurance coverage for you to cover longer-term needs such as paying a mortgage, family income replacement and so forth. It is a plan designed to protect your family for 20 years. As the name implies, the rate for this plan will increase every 20 years and the last premium increase will occur after your 65th birthday.
What Makes Empire Life Solution 20 Term Life Insurance an Interesting Plan
Solution 20 is designed for families with existing and new mortgages, small businesses that want to cover overhead and start-up costs, and individuals looking for affordable and flexible insurance coverage. You can obtain a more comprehensive insurance package and even save on insurance fees by adding Solution 20 to other Empire Life’s Solution series or CI products.