Top 5 Reasons To Purchase A 10-Year Term Insurance Plan

1. You have less than 10 years left to pay off your mortgage, and you do not at all expect to relocate afterwards and mortgage a more expensive house or condo.
2. Your children have less than 10 years left before they complete their education programs; thereafter you will have no further financial obligations toward them.
3. You have a credit card, line of credit, or other personal or business loan that is expected to be paid off within 10 years.
4. After a conscientious effort to squeeze your budget, term-10 is the only insurance you can afford at the moment to satisfy all your insurance needs. When your financial situation improves you will gladly switch over to a better solution (note: if you exercise a conversion privilege, you may only convert to a permanent policy within the same company you hold your current plan with).
5. You have decided the odds of you dying within the next 10 years is it's highest.
   

Next page >

Contact a professional broker for your free consultation.

Click a link below to jump to another section of the article:

Top 10 reasons not to purchase a 10-year term insurance plan.

Return to life insurance education center