Silsbee, Texas. Silsbee is a city in Hardin County, Texas, United States. It is located at the intersection of U.S. Highway 96 and State Highway 327. The population was 6,611 at the 2010 census. It is part of the BeaumontâPort Arthur Metropolitan Statistical Area.
Indeterminate premium life insurance is a type of whole life insurance that specifies two premium rates: a guaranteed maximum, and a lower rate you actually pay. The lower premium level is for a set period of time. Then the company establishes a new rate that may be higher or lower than the initial premium.
Term. Term Insurance is the simplest form of life insurance. It pays only if death occurs during the term of the policy, which is usually from one to 30 years. Most term policies have no other benefit provisions. There are two basic types of term life insurance policiesâlevel term and decreasing term. 1  Level term means that the death benefit stays the same throughout the duration of the policy.