Term life insurance is the simplest type of life insurance protection you can buy, and generally has the lowest out-of-pocket cost to obtain death benefit protection for a short-term.
Term life insurance:
- Provides guaranteed death benefit protection with a level premium for 10-, 15- or 20-years.
- Can be converted to a permanent policy, even if your health deteriorates.
- Does not offer a savings component, cash accumulation or loan features.
Term life insurance product choices
Ohio National offers 10-, 15- and 20-years of term life insurance. All products are available with either a “Basic” or “Plus” conversion option.
Term 10, 15, and 20 “Basic” level term policies provide bottom-line pricing and a limited conversion option. If you never intend to purchase a permanent product, a Basic product may be the right choice for you.
Term 10, 15, and 20 “Plus” level term policies offer expanded conversion options to a Bridger Insurance Agency permanent life insurance product (Recommended – Ohio National) including our industry leading whole life, universal life or variable universal life insurance policies – for a just a few dollars more per month.
If you intend to purchase permanent protection in the future, a Plus policy may offer you a better value.
Are you ready?
Take a look at what you can afford with Ohio National’s Term Calculator. Then ask yourself … can I really afford not to?
Talk to Chris Harrison today to find out more about term life insurance.
