Term Life Insurance Summay
Notes
Term life insurance is the most popular purchased coverage due to its affordability. In the event of premature death, the beneficiary payout in relation to the overall cost, is quite substantial. We at Cash Value Acumen own some term insurance for this very reason.
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The coverage is so affordable because the likelihood of one using this policy is very low. In fact, about 1 out of 100 term life policies actually payout. The good news - the odds are in favor that you will outlive your term policy. The bad news - you may end of paying for coverage you never used, for an event we know will one day happen.
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Our strategy with term life insurance is to obtain cheap coverage locked up now while we are younger and healthier, with the anticipation of converting the policy to a whole life design at a later date.
Next Steps
In order to review term coverage further, an application is required. We have two resources, both listed below.
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First is our instant quote and application process. This is a seamless process in which someone can get a quote, apply and has potential for an instant approval. This is the fastest and easiest way for someone looking for coverage under $1M.
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Second is our shopping process. We can review quotes with eight different insurance carriers to see which one fits best. This process takes a bit longer, however it can ultimately result in the cheapest price.
​There is no cost in applying for life insurance; Only when you are approved and you decide to pay for the plan.
Faster & Easier
Longer / Price Savy