20 year term insurance

So you wonder if  you need term life insurance for 20 years…

You can choose from several terms of life insurance, 5 year, 10 year, 15 year, 20 year, 25 year, 30 year or even longer more. It might seem difficult deciding which plan you need. It is important to do some planning before you choose. 

20-year term life insurance, like all term life insurance policies, provides the most simple and the most inexpensive kind of insurance protection. It provides a level dollar coverage for the full 20 year term and the premium also stays level.  

• Here are a few more advantages that come with a 20 year term life insurance policy:
• The ability to renew at year 21 without having to provide evidence of good heatlh
• Pure insurance protection that can be converted to a whole life policy which builds cash value over time and earns dividends

“Is 20 Year Term Life Insurance Right For Me?”

When money is short (and often is when one is young) and have a young family, a 20 year term life insurance policy could be a perfect choice. You have the option to convert your term policy later, when funds and life would allow, to a permanent policy that will continue into the late years of  life.