Reach Your Financial Summit And Realize There Is No Substitution For Preparation When It Comes To Protecting Your Family
When life takes unexpected turns, have you done everything that you need to do to ensure that your family will be able to cope without you? Financial security can take years to build, but even the best laid plans can go awry in the blink of an eye. Life insurance can provide the protection that your loved ones will need to carry on the legacy that you built while helping them to meet all of the challenges that lie ahead.
Life insurance can help to ease the pain of any grieving process by providing a means to help your family focus on cherishing your memory instead of becoming a prisoner to financial responsibilities. The National Prosperity Life and Health Insurance Company Summit Term Life Insurance Product (Form Number Policy 32426AA2) will help your family be able to afford to:
- Pay for your final expenses and honor you in the manner you deserve
- Pay for your children’s education
- Pay off or reduce your home mortgage
- Replace portions of your income
- Pay off or reduce other debts
National Prosperity Life and Health Summit Term Life Insurance Program
National Prosperity Life and Health Insurance Company, Inc. (NPLH) is proud to offer its Summit Term Life Insurance Program for the individual and worksite markets. The Summit Term Life Product is simplified issue meaning it is much easier to get started and completely customizable for every individual and family’s needs with face amounts starting as low as $25,000 and increasing all the way up to $150,000. The Summit Term Life Product also includes an array of attractive riders to choose from including critical illness, accidental death, disability waiver of premium and a spouse and child coverage, for an additional cost.
By offering simplified issue underwriting along with our broad range of riders and coverage levels, the Summit Term Life Product provides both the flexibility and convenience you need in order to make a sound decision for your family. When your coverage period ends, you will have the opportunity to renew your coverage after assessing your ever-changing needs at that time. NPLH has all of the term life insurance coverage options at its disposal with our Summit Term Life Program to give you the peace of mind that your family is truly protected.
Reach Your Family Planning Summit With Us: Summit Term Life Advantages
- Low Monthly Cost
- Simplified Issue
- Selectable Death Benefit Coverage Amounts
- Easy Underwriting Process: Simplified Issue Makes It Simple To Get Started
- Wide Selection Of Riders To Choose From: Critical Illness (Form Number CIR-400), Accidental Death (Form Number ADR-100), Disability Waiver Of Premium (Form Number WPR-200) And Spouse And Child Coverage (Form Number SR-500 And Form Number DPR-300)
What Is Term Life Insurance?
Term life insurance is the simplest and most affordable form of life insurance. It covers an individual for a specific term (i.e. 20-30 years) and issues a death benefit if the insured dies within that term. One of the big advantages of term insurance compared to permanent forms of life insurance such as whole life or universal life is that it pays out a considerably higher ratio of death benefit. These permanent forms of life insurance can be prohibitively more expensive than term life insurance.
Permanent vs. Term Life Insurance
As opposed to permanent forms of insurance, which are designed to provide coverage for a lifetime, starting term life insurance coverage periods typically range from 10-30 years. However, even after the initial coverage period, most term plans, including the NPLH Summit Term Life Program, are renewable up to a certain age.
In addition to affordability, term life insurance plans also offer the advantages of additional riders that can be added on to provide even more comprehensive coverage apart from just simply a death benefit. In the NPLH Summit Term Life Product, additional riders that can be selected from include critical illness, accidental death, disability waiver of premium and spouse and child coverage, for an additional cost.
Every person needs to consider their own family’s unique financial circumstances and objectives when selecting the right form of coverage for them. It some circumstances, it can be advantageous for a household to own both permanent and term life insurance plans.
The reason to do so is that the term life insurance serves to cover your short-term need while permanent life insurance functions as more of a lifetime investment because of the greatly increased costs associated as well as the various cash value growth opportunities and withdrawal possibilities that accompany them. However, term life insurance will always serve the vital purpose of protecting families from any unforeseen events that could arise during those years of coverage.