You’ve worked hard to build a life and loving relationships, but what if something were to happen to you and you were to pass away? Wouldn’t you want to know that your beneficiaries were more financially secure? That’s where getting a term life insurance Maine policy may come in handy. Having such a policy may help ensure that your beneficiaries may be taken care of financially if something were to cause you to pass on.
Here are some frequently asked questions and answers on the subject:
What can a term life insurance Maine policy do for you?
In the event of your passing, your beneficiaries would receive the proceeds from the policy. They may then be able to use the money from a Maine life insurance policy to help take care of financial needs that come up in the event of your demise.
A term life insurance Maine policy canhelp give you the security of knowing that yourbeneficiaries could be helped financially if you were to move on from this life.
What expenses will the policy cover?
Here are some of the things that may be helped paid for with the proceeds from a policy:
Every day bills
A term life insurance Maine policy may be purchased for a specific term, or time period. There are generally terms offered for 10 years, 15 years, 20 years and, in some cases, even 30 years. This differs from whole life insurance policies, which cover you for your whole life though a combination of a term policy and an investment component. That said it should be noted that whole life insurance policies are generally more expensive than term life insurance policies.
A term life insurance Maine policy may be competitively priced. The actual cost will generally depend on several issues, however, including your current health status and whether you smoke.
How big a policy do I need?
The amount for a term life insurance Maine policy you might need may depend on, among other things: your current income and assets, your current debts and the number of dependents you may have.
Where is the insurance offered?
Term life insurance Maine may be available throughout the entire state, including these cities and towns:
Our registered agent in Maine is as follows:
Maine Foreign National Registered Agents, Inc.