Term Life for Asset Accumulation

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. It also can be used to protect assets when you reach the asset preservation stage of life. 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 for Asset Accumulation is an affordable solution particularly useful to cover income replacement, years of a mortgage and other specific debts, tuition and living expenses. Term Life for Asset Accumulation provides coverage for amounts over $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.