Term Life Insurance

Term life insurance is protection that is designed to meet temporary insurance needs. For
instance, you may decide that you want coverage until your kids graduate from college; or,
until a particular debt like your mortgage is paid off. Term insurance covers you for a specific
period of time (the “term”), generally from one to thirty years, and pays a death benefit only if
you die during the term.

Term insurance is the most basic type of life insurance and typically the least expensive. This
makes it an attractive option for many young couples and individuals. You can buy higher
amounts of coverage when the need for protection is usually at its greatest.

As with all types of life insurance the death benefit is paid to your beneficiaries completely
income tax free. If you stop paying premiums and allow the policy to lapse, there is no cash
value paid out to you, the coverage simply ends.

Term Life Insurance:
  • Least expensive type of life insurance
  • Protection for temporary needs.
  • May be a good choice for young families and individuals

The downside is that the cost of your new policy may be significantly higher than the cost of
your initial term policy, as your current age and health are factored in the price. If you think
that you might need permanent life insurance, or if you’re interested in life insurance that may
build cash value that you can use in the future, you may want to consider universal life
insurance or variable universal life insurance. Contact, Jon Askew your local life insurance
agent in Baltimore MD at 410.456.5356.
TheLifeInsuranceGroup.com- Independent General Insurance Agency,
Licenced in the state of Maryland only.
PO BOX 26537 | Baltimore, MD 21207
We are licensed Maryland Life and Health Insurance Agents
Proudly serving Proudly serving Baltimore Maryland and surrounding counties.
Allegany County, Charles County, Prince George's County, Anne Arundel County, Dorchester County, Queen Anne's County, Baltimore City, Frederick County, St.
Mary's County, Baltimore County, Garrett County, Somerset County, Calvert County, Harford County, Talbot County, Caroline County, Howard County, Washington
County, Carroll County, Kent County, Wicomico County, Cecil County, Montgomery County, Worcester County
The Life Insurance Group
Financial Services & Insurance. Protecting Your Financial Future.
Call for an Appointment. Local in Baltimore, MD 410.456.5356