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Jonesboro, AR 72401

870.336.2121

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Securities offered through First Heartland Capital, Inc. Member FINRA/SIPC.

Advisory Services offered through First Heartland Consultants, Inc.
Selby Insurance and Financial is not affiliated with First Heartland Capital, Inc.

This site has been published in the United States for residents of the United States. The entire site has been prepared solely for informational purposes, and it is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Selby Insurance & Financial and any of its employees or representatives acting as an agent, may transact business in a particular state only if first registered, excluded or exempted from registration requirements . By activating a third-party hyperlink you will leave the Selby Insurance & Financial website. Neither Selby Insurance & Financial nor First Heartland Capital, Inc. are responsible for the validity, completeness or accuracy of any information provided on these sites.

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Friday 8:30am-4:00pm

870.336.2120

Is Term Life Insurance for You? Term insurance is the simplest form of life insurance. Here's how it works.

June 22, 2019

Term insurance is the simplest form of life insurance. It provides temporary life insurance protection on a limited budget. Here’s how it works:

 

When policyholders buys term insurance, they buy coverage for a specific period and pay a specific price for that coverage.

 

If the policyholder dies during that time, their beneficiaries receive the benefit from the policy. If they outlive the term of the policy, it is no longer in effect. The person would have to reapply to receive any future benefit.

 

Unlike permanent insurance, term insurance only pays a death benefit. That’s one of the reasons term insurance tends to be less expensive than permanent insurance.

 

Many find term life insurance useful for covering specific financial responsibilities if they were to die unexpectedly. Term life insurance is often used to provide funds to cover:

 

*Dependent care

*College education for dependents

*Mortgages

 

Would term life insurance be the best coverage for you and your family? That depends on your unique goals, needs, and circumstances. You may want to carefully examine the pros and cons of each type of life insurance before deciding what type of policy will be the best fit for you.

 

Another factor to think about: term policies generally become more expensive as you grow older. If your term life insurance expires and you are facing certain health challenges, such as an injury or disease, you may find that a policy with similar coverage may be much more expensive.

 

Several factors will affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Life insurance policies have expenses, including mortality and other charges. You should consider determining whether you are insurable before implementing a strategy involving life insurance. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.
 

Toby Selby may be reached at (870) 336-2121 or tobyselby@selbyinsurance.com.

www.selbyinsurance.com

 

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

 

Securities offered through First Heartland Capital, Inc. Member FINRA/SIPC.

Advisory Services offered through First Heartland Consultants, Inc.

Selby Insurance & Financial, Inc is not affiliated with First Heartland, Inc.

 

Citations.

1 - nbcnews.com/better/pop-culture/how-much-life-insurance-do-i-need-ncna935811 [11/24/18]

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