The Deferred Term policy is available for 10 years, for 20 years or to age 100. Your premium payments will in no way increase. There are several options existing with this plan. It can be acquired if you are having an age within 18 to 70. The covered amounts can range from $25,000 to $100,000. Accidental Death Benefit will be given if you die by accidental means and your payments are up to date, the amount of the Accidental Death Benefit will be given in addition to your coverage amount. This benefit is on hand in amounts equal to 1, 3, or 5 times your coverage amount or $250,000 whichever less is. This choice is available for those people aging from 25 to 65. Premiums for this option will not increase. This benefit ends when you turn 70.
The Simplified Term policy is obtainable with 10 or 20 year renewable premiums or level premiums to age 100. For the renewable premiums, your premium payments will not increase for every renewal period. For the level premium to age 100, premiums never increase. There are a lot of alternatives available with this plan. It can be bought if you are 20 to 70. The coverage amounts can range from $25,000 to $150,000. You can renew your policy with no further medical information required for an extended periods until you reach the age of 80 for 10 year renewable and age of 90 for 20 year renewable.
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