Term life insurance tends to be a more affordable policy than permanent life insurance because it doesn’t build any cash value that you can borrow against or invest and it ends at the term of your contract instead of providing lifetime coverage. If you still need coverage at the end of your term, however, you may be able to renew or convert your policy.

Select the duration of you coverage; Decide the number or years your financial needs will be greatest (for example, when your kids are younger or while you are paying a mortgage)Determine how much you need; Think about how much your loved one may need to replace your income.

With a term life insurance policy, you pay fixed premiums for the term you have selected to be covered. Your monthly payments will stay the same throughout your premium period. If something were to happen to you, whoever you choose as your beneficiary will receive the tax-free death benefit. In order to receive a policy you may need to complete a life insurance medical exam so that your insurer can get an idea of your health status. Bortec Insurance will be every step of the way to make sure you get the best coverage that fits your needs.