Term Life Insurance

What is Term Life Insurance?

As its name indicates, term life insurance insures you for coverage for a specific term period or span of years. If you die during the term, your beneficiary is paid the coverage amount subject to your policy terms. Because it provides “pure” insurance without any cash value accumulation, term life insurance coverage is generally less expensive initially than permanent coverage. Term life insurance provides a great answer to the question: How will your family manage financially if you die prematurely? Transamerica’s “Trendsetter Super Series” is a level term policy offering guaranteed premiums for 10, 15, 20, 25 or 30 years. The term policy may be convertible to a whole life or universal life policy made available by Transamerica. Exchange must be exercised no later than the earlier (A) the end of the initial level period, or (B) insured’s 70 birthday (75th birthday for Preferred Plus class).

The Advantages of Term Life Insurance

Term life insurance helps to provide peace of mind for you and your family. It also helps you protect the assets you’ve worked so hard to attain. And all this security can reach up to 30 years into the future, at guaranteed level premiums that are competitively priced today. The Trendsetter® Super Series policies offer valuable protection for your family or business with attractive premiums.

Term Life Insurance – New York

For younger individuals and families, term life insurance is especially useful to support loved ones and help with financial obligations if you die prematurely. Transamerica Financial Life Insurance Company, provides life insurance for New York residents, and offers flexible term life insurance policies with coverage through age 80 with competitive premiums.

Getting Started
Contact us and let Wayne Direct help you determine which type of life insurance policy may be right for you.