Term Life Insurance is one of the main services we provide. Thankfully, term life insurance is the easiest to understand. Basically, the policy you purchase with Primerica provides coverage for a specific period of time, or “term” of years. If the insured person dies within the “term” of the policy and the policy is still in force (active), then the death benefit is paid out to the beneficiary.
This type of insurance typically allows clients to initially purchase more insurance coverage for less money (premium) than other kinds of life insurance. Primerica’s “Buy Term and Invest the Difference” philosophy encourages clients to take this “difference” in premium and invest it for the future. Learn more with us today and join our Bangor “family.”