Foresters Term Life Insurance
Foresters' Lifefirst features flexible choices of death benefit and initial coverage period. Build a personal protection plan that matches your specific needs with a choice of 10-, 20- and 30-year terms.
Foresters Accidental Death Term Life Insurance
Foresters Prepared offers up to $300,000 in coverage with no medical exam and only a few health/lifestyle questions. It also offers extra-cost riders for disability income (accident only), waiver of premium (accident only) and return of premium.
United of Omaha Term Life Insurance
United of Omaha offers an array of term life insurance products that can meet the needs of any family. All products offer affordable premiums and an easy application process.
Term life insurance provides life insurance coverage for a specified period of time. After the term ends, the client can either drop the policy or pay additional premiums to continue the coverage. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term life insurance is often the most inexpensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis.
Term life insurance builds no cash value, unlike permanent life insurance products such as whole life, universal life, and variable universal life. Term life insurance functions in a manner similar to most other types of insurance in that it satisfies claims against what is insured if the premiums are up to date and the contract has not expired, and does not expect a return of premium dollars if no claims are filed. Most term life insurance carriers offer additional riders that increase the insured's protection against risk.
Though annual renewable term insurance is available, the much more popular product is guaranteed level premium term life insurance, where the premium is guaranteed to be the same for a given period of years. The most common terms are 10, 15, 20, and 30 years. With this type of product, the premium is the same each year, and is based on the summed cost of each year's annual renewable term rates, with a time value of money adjustment made by the insurer. Longer terms have higher premiums because individuals are more expensive to insure as they get older. Most carriers include a renewal option and allow the insured to renew for a maximum guaranteed rate if the insured period needs to be extended.