Term Life Insurance
Protect you and your family with GT Brokers.
Term life insurance, often called “protection-only” insurance, provides coverage for a set period of time. It pays out only during the insured term. If the term policy expires before your death, no benefit is paid. However you have options to convert your term policy to a permanent policy.
Who is it suitable for?
- Young Adults
- People in their working years
- Young families
- People approaching retirement
- People approaching retirement – Business owners
Terms you can choose from: 10 to 40 year term policies are available depending on age. You can renew your coverage or convert it to permanent (whole life) insurance without requiring a medical exam.
Benefits of term life insurance
- Affordable protection with fixed premiums for your chosen term
- Guaranteed premiums, fees, and conversion options for the entire term
- Predictable renewal premiums, known and guaranteed in advance
- Flexibility to convert to permanent coverage if your needs change
With term life insurance you can cover
- Student loans
- Mortgage loans
- Personal loans
How it helps your family
(in the case of premature death)
- Provides temporary replacement income
- Supports children’s education expenses
- Ensures your children have necessary financial resources
For a business, with term life insurance you can
- Funds a buy-sell agreement
- Insures key employees
- Helps satisfy creditors regarding financial obligations
