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Term Life Insurance for Maryland

Term life insurance provides death protection for a stated time period, or term. Term life insurance is perhaps the simplest form of life insurance. It was developed to provide temporary life insurance protection on a limited budget. Since term insurance can be purchased in large amounts for a relatively small initial premium, it is well suited for short-range goals such as life insurance coverage to pay off a loan, or providing extra life insurance protection during the child-raising years

Features of Term Life Insurance

• Initial affordability
• Adjustable premiums: Term life insurance policies have adjustable premiums. This means that the policy may raise or lower premiums at some point specified in the policy based on projected changes of investment earnings, mortality experience, persistency, and expenses. However, premiums may never be raised above the maximum premiums stated in the policy.
• Renewability: term policies allow the policyholder to continue coverage past the original coverage period of the policy. Each time the policy is renewed the premium increases to the amount for the then attained age of the insured. This right is usually offered for a specific period, which varies depending on the type of policy.
• Conversion:term policies are convertible to age 75 in most states.

For more information on obtaining an Term Life Insurance contact, AAG INSURANCE Enterprises, Inc. at 410-569-5800 or fill out our online form above for your FREE Term Life Insurance Quote today.