Consumer Coverage Blog
January 10th, 2009

We all know how important it is to protect our family or spouse from financial hardship.  What would happen if something were to happen to the primary bread winner in your family?  Do you have enough money in savings to help your family survive?  Does your spouse currently work?  Or are they a stay at home parent?  Term Life Insurance is a great way to help protect your loved ones.  You can purchase Term Life Insurance for a specific period of time, 10, 20, or 30 year periods.  Rates for this type of life insurance are very affordable.  Items you need to consider while shopping for Term Life Insurance. 

1.  Make sure your Life Insurance Company is at Least A rated by A.M. Best (financial security is key)

2.  Be sure that your term life insurance policy is convertible. (should have option to convert after term)

3.  Ask your broker for a product that has level premiums. (some individuals buy term life where the rate adusts every year)  Not a good choice for consumers.

Be sure to use a broker or advanced planning consultant when purchasing your life insurance.  We have partnered with a trusted source for life insurance.  Paramount Life Insurance,, is a top notch consulting service that lets you shop term life rates online.  They also have experts in permanent and advanced life insurance strategies.  Be sure to give them a call for a FREE consultation.