Term Life Insurance

Term life insurance is the most basic, and generally least expensive, form of life insurance for people under the age of 50. A term policy is written for a specific period of time, typically one to ten years, but can be more and may be renewable at the end of each term. The premiums increase at the end of each term and can become prohibitively expensive for older individuals.

• A good alternative for short-term life insurance needs
• Death benefit proceeds are generally not subject to federal income taxes
• Death benefit proceeds are often exempt from state inheritance taxes

Variations of term life insurance exist, so it’s best to talk with one of our advisors with Park Financial Advisors who will get to know you, your priorities, current situation and your goals. Together, we put a plan together that considers all the options and costs.

This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. Guarantees are based on the claims paying ability of the issuing company.