Basic Term Life for Income Protection

Coverage for Every Stage of Life:

First National Insurance Agency offers a range of products to meet your needs at different stages of your life. Term Life Insurance is affordable, temporary life insurance designed to provide income replacement in the event of your premature death. Term Life Insurance covers you for a specific number of years whereas permanent insurance, like Whole Life or Universal Life, is in effect as long as you pay your premiums.

Purpose:

Term Life Insurance is often best suited if you want inexpensive coverage to protect your family for a set number of years in the event of premature death. Term Life is an affordable solution particularly useful for younger people who want life insurance to maintain their family’s lifestyle, finance children’s education or provide income for the surviving spouse in the case of an unexpected death. The basic term life option provides coverage for amounts up to $500,000.

Product Features:

• Most of our policies provide guaranteed level premiums for the entire term, giving you affordable coverage with a price that will not increase over time.
• Many of our policies are "guaranteed issue" policies which mean you don't need a health exam to qualify.

• Term life insurance coverage is available in 5-year, 10-year, 15-year, 20-year or 30-year terms
• Our policies are renewable annually

• Our term life policies can be converted to a permanent life insurance policy at the end of your term.

• The distribution or payout to your beneficiaries if you die during the coverage period is typically tax-free and does not change over the life of your policy.