Tyler Whitaker

Your children were born yesterday and tomorrow they're planning which college to apply to.

The Only Term Insurance You Should Ever Buy.

Term insurance gives you the option to be covered between 15 and 30 years. Most customers that choose this product do so to protect their mortgage during their paying years in case they pass away. Others are still in fact looking to be covered just for the death benefit and simply want a cheaper monthly premium in comparison to a whole life policy. When you are purchasing term insurance, make sure you are only choosing the options that offer ROP or CBO. Return of Premium or Cash Back Offer. These select insurance companies will fund all of your premiums back to you if you outlive your policy, tax free in a lump sum check.

If an average policy costs an individual roughly $160 monthly. This same customer usually selects to pay the 30 year term. Over the next 30 years you will have paid $57,600. But let’s say that you outlive this policy. Without having a ROP or CBO all of your money is stuck with the insurance company.

You no longer have a policy in affect and all of your premiums are gone forever.

Always make sure you know the ins and outs of your future policy before you start paying. Insurance is about protecting yourself, your family, and your assets.