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 insurance is generally used when the need for death benefit protection is temporary or if you are unable to afford the premiums of a permanent life insurance policy. Term insurance typically provides for the largest immediate death benefit amount for each premium dollar.erm life insurance provides death benefit protection for a period of one or more years. The death benefit of the policy is paid only if the insured dies during that period. If the insured lives beyond the term period, no death benefit is paid.