Nationwide Term Life Insurance - Product in Depth

Who should buy term life insurance?

People who have financial dependents for example the primary breadwinner for a family with children who would be in serious financial distress if they passed away. One should take into consideration their families financial status such as expenses, debt, mortgage, student loans etc. when considering how much life insurance to take.

What is term life insurance?

Term Life Insurance is a contract with an insurance company who will pay out death benefits to your beneficiaries if you die during the term of the contract in exchange for premium payments. Unlike whole life insurance, term life expires at the end of the term and does not hold cash value.

When should you buy term life insurance?

Rates go up with age and based on medical condition. If you purchase term life insurance the premium is usually locked in at the price for which you purchased the policy. Depending on your financial needs, buying a policy early can potential save hundreds of dollars in premium costs.

Why buy term life insurance?

Term life insurance tends to have lower premiums, which means you could save money if you are only covering expenses that will eventually end. For example if your children will be leaving the house or there is an outstanding loan you expect to pay off by a certain time.

How to buy term life insurance?

You can talk to a local insurance agent or find a policy online. For example with Nationwide you can get an estimate here.

Where to buy term life insurance?

Most of the large insurance companies provide life insurance policies.

You can schedule a free consultation here to find out which policy is best for you.