Term insurance can be an ideal alternative for low-cost life insurance.
It can also be used as supplemental coverage, protection for a young family or to help secure financial assets. Maximum premiums are guaranteed for 10 years. Annual Renewable Term is often used for specific needs, like debt liquidation or asset protection. This policy offers level premium payments for the first 10 years, with subsequent premiums increasing annually until age 95. An attractive feature of this insurance is that it's renewable, which also allows you to extend coverage for as long as you need it.