Two things we can count on in life, taxes and death.
At Carolina Health & Medicare Associates, we represent all the top life carriers to help you find what you need to protect your loved ones. Whether you are in excellent health or not, we can find you the best plan at the best possible price.
From low amounts for funeral costs or mulit million dollar coverage, we are here to help.
Term life insurance provides coverage for a certain time period. If you have a term policy and die within the term, your beneficiaries receive the payout. The policy has no other value.
You choose the term when you buy the policy. Common terms are 10, 20 or 30 years. With most policies the premium stays level and guaranteed , along with the death benefit during this time frame.
When you shop for term life:
- Choose a term that coincides with the years you’ll be paying the bills and want life insurance coverage in case you die early.
- Buy an amount your family would need if you were no longer there to provide for them. The payout could replace your income and help your family pay for services you perform now, such as child care.
Ideally, your family’s need for term life will end around the time the term expires: Your kids will be on their own, you’ll have paid off your house, and you’ll have plenty of money in savings to serve as a financial safety net.