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A Life Better Protected Begins with Term

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Term Life for You & Your Family

Seventy percent of U.S. households with children under 18 would have trouble meeting everyday living expenses within a few months if a primary wage earner were to die today. Is your family prepared to meet its financial obligations without you, to move ahead with a bright future? ISU-The Olson Duncan Agency can help you prepare for your family’s tomorrow with Term Life insurance.

How Term Life Insurance Works

Term Life is a straight insurance policy with no investment component. You’re buying affordable coverage that lasts for a set period of time provided you pay the monthly premium. It can help by protecting your dependents in the event of your untimely death, particularly if you have family or others who count on your income or special care. That goes for household breadwinners as well as stay-at-home moms, whose enormous contribution to the family would be very expensive to replace. Term insurance can also help pay off family debts, or be used to hire outside care that you were previously providing. Funds from a Term Life policy can be designated to a trust if you want to have the money dispensed by a trustee, or they can be paid directly to a beneficiary.

Choosing the Right Type of Term Life

Term Life insurance comes with numerous options. You can opt for a level term policy, which keeps the same payout all the way through the life of the policy, or you can choose decreasing term insurance, which means the death benefit is reduced over time. One example of that is mortgage life insurance.

Some policies keep the premium steady for the entire time you own the coverage. Others increase the premium incrementally at certain benchmarks over the course of the policy’s term. It is also possible to opt for a plan that has optional riders, which give you choices along the way about changing or increasing your coverage, usually with an associated price change.

We will show you your options so you can decide which payment plan makes the best sense for you.

Our Value

At ISU-The Olson Duncan Agency, we look to provide clients with a total solution, not simply a quote or an insurance contract. Our goal is to provide real value and build a long-term relationship based on trust. This is underscored by the fact that we provide our clients with their risk management and insurance solutions, including property & casualty, employee benefits and personal insurance. To find out more about how we can help you, call us at (310) 373-6441.