Why Choose Term Life Insurance?

Term life insurance policies are active for only a select number of years, making these more beneficial depending on your life circumstances. These plans may be a good option if you are –

  • Raising children or putting them through college

  • Paying off a mortgage

  • Earning a majority of the household income

In other words, a Term Life insurance policy can be a good option if you have certain timely events that you would need to be able to cover in the event of your death.

Term Life

Undoubtedly, your death would cause turmoil in the lives of those closest to you. It’s something nobody wants to think about, but all need to prepare for.

If your family relies on your income to keep up with their day-to-day living expenses, the financial implications of your death could be devastating for them. Term Life Insurance from UnitedHealthcare, underwritten by UnitedHealthcare Life Insurance Company [or Golden Rule Insurance Company], can play a part in helping you to protect your family’s finances in your absence.

Defining Term Life Insurance

You might be thinking, “What Is Term Life Insurance?”

Term life insurance is exactly what it sounds like – a life insurance policy that you buy for a set number of years – a term – to help your family financially in the event of your death.

That leads to the next logical question: “How does Term Life work?”

Term life insurance plans pay your designated beneficiaries a lump sum benefit if you die within the select policy term. Policy benefits are paid to you and can be used as you wish, whether that is for mortgage payments, travel costs, or school for your children – the choice is yours.

1 Product is medically underwritten. 

2 Optional benefits require an additional premium cost. Products vary by state. 

 

3 Waiting periods may apply.

 

UHONETERMLIFER2

  • Facebook
  • Twitter