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Term Life Insurance (tûrm) (lahyf) (ĭn-shŏŏr'əns) - n. a type of insurance where the insurance company pays a specified amount if the insured person dies while covered.  There is no borrowing power, benefits at retirement, or cash value; also called [term insurance].   (English translation - if you live beyond the term, you paid them.  If you die before the specified term expires, they pay you).  Level term insurance is by far the least expensive life insurance option available.  It is the least expensive way to provide for your dependents should you pass away. 
 

 

Level Term insurance is not just used by parents to provide for their loved ones -

 

  • Businesses often use term insurance to fund Buy / Sell Agreements drawn between the owners in the event of an untimely death of one of them.  The proceeds are then used to reimburse the dependents of the deceased owner for his or her interest in the business. 

  • Businesses also use term insurance to purchase Key Person Insurance, designed to help businesses continue to financially operate in the event of the untimely death of a valuable employee until a suitable replacement is found.

 

 

Are you a tobacco user?  Plans are available that can give non-tobacco rates to cigar smokers, patch wearers, nicotine gum chewers and tobacco chewers.  Inquire Here.

 

 

Do you think you're uninsurable?  One company offers almost-guaranteed issue level term insurance.  Inquire Here.    

 

 

  

 

 

 

 

 

 

 

 

Alliance Insurance Group
4400 West 109th Street, Suite 104
Overland Park, KS 66211
Phone (913) 385-SAVE (7283)