Term Life Insurance is the most affordable life insurance you can buyto protect your family
Term life insurance is the most simple and affordable form of protection. You generally pay premiums on a monthly or annual basis and your family is protected for that "term". OIC financial offers a variety of term products to fit your needs, time frame, and budget. Upon death of the insured, the benefit or face amount is paid to your stated beneficiaries. Term Life coverage usually comes in 10, 15, 20 or 30 years of coverage with a guaranteed benefit. In
addition to providing necessary coverage at an affordable rate, Term
life insurance protects your insurability. By buying a convertible Term Life insurance now, you can convert your policy to a permanent life insurance
policy without providing evidence of insurability even if your health
tomorrow is not as good as it is today. Request a Quote Today!
Term Life Insurance Insurance is:
An affordable way to cover specific financial responsibilities like a mortgage or college expenses
An affordable way to supplement your Permanent Life Insurance during periods when coverage needs are higher, such as family-growing, mortgage-paying years
For protection against outstanding loans and debts for which family members or others may be responsible;
families who feel they cannot currently afford a permanent policy but
who need to protect their children from financial hardship due to the
potential loss of a parent.
guard against uninsurability in the future: If you buy term insurance
now, you can continue this coverage even if you become uninsurable.
To provide coverage on other family members
To protect key people of a business in its formative years of growth
purchase time to increase your earnings so that the coverage can be
converted to a permanent cash value life insurance policy without
evidence of insurability.
Some Term Life policies have a "return of premium" feature which essentially returns to the policy owner, some or all of the premiums after the term period ends!