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Welcome
How Long Should I Get Term Life for?
wholevstermlifeinsurance.com
A website by Scott W Johnson and Marindependent Insurance Services LLC
CA Lic 0H11625 and 0K10734 – 415-294-5454
https://wholevstermlifeinsurance.com
Two Types of Life Insurance
• Cash Value Policies
-Whole or Universal
-Complex
-Expensive
-Life Insurance Mixed with
an Investment Component
• Simple Term Life
-Pure Life Insurance
-Set Periods (10,20,30)
-No Investment Component
-Very Inexpensive
The 2 Major Considerations when
buying Term Life Insurance.
Death Benefit Amount
• How much you would like
the policy for. What Dollar
Amount?
• $250,000
• $500,000
• $1MM
• $2MM
Insurance Policy Length
• How long will the Term Life
Insurance policy be for?
• 10 Year
• 15 Year
• 20 Year
• 25 Year
• 30 Year
• Other Options
Other consideration is Which Insurance Company?
Term Life Insurance Policy Length
How long should I buy level term life
insurance for?
10, 15, 20, 25, 30, or more?
We Explore this subject in our post
https://wholevstermlifeinsurance.com/term-life-insurance-policy-length/
Term Life Length is Personal
• Deciding the length of term life insurance is a
personal decision
• Things to Consider
-Your Age
-Age of your Children
-The Reason for the Life Insurance
-How Long will you need Life Insurance For?
Ten and Fifteen Year Term
• 10 Year
-Often Best for Stacking on to
another term policy.
-May be the best option that can
reasonably for people that have
really put off getting life insurance.
-Generally lowest cost term product.
• 15 Year
- May be great for families that have
put off buying life insurance for a
while.
-Still Relatively cheap, but possibly
long enough to cover some time.
-Can be a nice medium area between
10 and 20 year term policies.
The Twenty Year Term
• The 20 year term is usually one of the most
popular options for term life length.
• It is a really good option for new parents.
• It’s a nice happy medium between the
shortest and longest of the term life lengths.
• Fairly priced.
The twenty five and thirty year options.
• 25 Year Term
-A nice option for either slightly
younger parents of newborns or
possibly the mom.
-More expensive than the 20 year
but it can be reasonable.
• 30 Year Term
-Generally the longest of the true
term options
-Hence it would be the most
expensive.
-A great option if you buy term when
you are young.
Other Term Life Options
There are possibly some other
options, contact to discuss.
https://wholevstermlifeinsurance.com/term-life-insurance-policy-length
More information is available on our blog post.
Whole vs term life insurance . Com / term-life-insurance-policy-length
Life Insurance is Confusing
We are here to help
scott@marindependent.com

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Whole v term term length presentation 1

  • 1.
  • 2. Welcome How Long Should I Get Term Life for? wholevstermlifeinsurance.com A website by Scott W Johnson and Marindependent Insurance Services LLC CA Lic 0H11625 and 0K10734 – 415-294-5454 https://wholevstermlifeinsurance.com
  • 3. Two Types of Life Insurance • Cash Value Policies -Whole or Universal -Complex -Expensive -Life Insurance Mixed with an Investment Component • Simple Term Life -Pure Life Insurance -Set Periods (10,20,30) -No Investment Component -Very Inexpensive
  • 4. The 2 Major Considerations when buying Term Life Insurance. Death Benefit Amount • How much you would like the policy for. What Dollar Amount? • $250,000 • $500,000 • $1MM • $2MM Insurance Policy Length • How long will the Term Life Insurance policy be for? • 10 Year • 15 Year • 20 Year • 25 Year • 30 Year • Other Options Other consideration is Which Insurance Company?
  • 5. Term Life Insurance Policy Length How long should I buy level term life insurance for? 10, 15, 20, 25, 30, or more?
  • 6. We Explore this subject in our post https://wholevstermlifeinsurance.com/term-life-insurance-policy-length/
  • 7. Term Life Length is Personal • Deciding the length of term life insurance is a personal decision • Things to Consider -Your Age -Age of your Children -The Reason for the Life Insurance -How Long will you need Life Insurance For?
  • 8. Ten and Fifteen Year Term • 10 Year -Often Best for Stacking on to another term policy. -May be the best option that can reasonably for people that have really put off getting life insurance. -Generally lowest cost term product. • 15 Year - May be great for families that have put off buying life insurance for a while. -Still Relatively cheap, but possibly long enough to cover some time. -Can be a nice medium area between 10 and 20 year term policies.
  • 9. The Twenty Year Term • The 20 year term is usually one of the most popular options for term life length. • It is a really good option for new parents. • It’s a nice happy medium between the shortest and longest of the term life lengths. • Fairly priced.
  • 10. The twenty five and thirty year options. • 25 Year Term -A nice option for either slightly younger parents of newborns or possibly the mom. -More expensive than the 20 year but it can be reasonable. • 30 Year Term -Generally the longest of the true term options -Hence it would be the most expensive. -A great option if you buy term when you are young.
  • 11. Other Term Life Options There are possibly some other options, contact to discuss.
  • 12. https://wholevstermlifeinsurance.com/term-life-insurance-policy-length More information is available on our blog post. Whole vs term life insurance . Com / term-life-insurance-policy-length
  • 13. Life Insurance is Confusing We are here to help scott@marindependent.com