Term Life Insurance

Why Do I Need It?

Signing up for a solid life insurance policy can bring about peace of mind. Protecting your family in the event of tragedy is a great way to ensure they can still maintain a great quality of life even after you have passed.

Term life insurance policies provide coverage on a settlement that pays out to your beneficiaries throughout a stated period of time. Once this term is over, you can either renew it, allow the policy to lapse, or transition over to a permanent coverage policy.

Term insurance policies may benefit those who need coverage during a high-needs period, such as paying off a mortgage on a home, or your kids are still attending school. One of the great benefits of term policies is that they tend to have lower monthly premiums than permanent ones.

At JMD, our team of agents will stop at nothing to keep you and your family protected for life.

Weighing Premiums and Deductibles:

Once we’ve determined the optimal coverage rate for you and your business, our team will assist you in finding the most cost-effective approach to premiums and deductibles.

As a general guideline, higher deductible plans are considered lower risk by providers, resulting in lower monthly premiums. Conversely, lower deductible plans are viewed as higher risk, leading to higher monthly payments.

For more on premiums and deductibles visit our FAQ page.