Term Life Insurance

Term life insurance from NexusFSG, get you so much more than coverage for a set period. Our term insurance goes way beyond protecting your family. 

Consider Term Life if you’re looking for:

  • + Temporary coverage allows you to convert to long-term coverage later.
  • + Customizable add-ons that adapt to your needs, even as they change.
  • + Protection for your family that’s still flexible.

Balancing immediate needs with ongoing goals.

What are the key factors to consider when building your custom term life policy:

  1. Consider coverage length, budget, beneficiaries, health, and lifestyle when building a custom term life policy.
  2. Match coverage length with essential milestones like paying off a mortgage or supporting a college education.
  3. Flexible options for the budget include selecting a product that fits your goals and wallet, with options such as locking in premiums or gradually increasing them.
  4. Select and regularly update your beneficiaries, family, friends, or organizations.
  5. Please disclose relevant health and lifestyle information for an accurate insurance quote.

Choose a term life insurance policy that’s right for you.

Yearly Convertible Term

 

This type of policy covers a specific period, typically one year. At the end of each year, the policyholder can renew the policy for another year. The policy also has a conversion option, which allows the policyholder to convert it into a permanent life insurance policy before the end of the term without undergoing a medical exam. The premium for the policy typically increases each year as the policyholder ages.

Level Premium Convertible

 

This type of policy provides life insurance with level premiums and coverage for a specific term, either 10 or 20 years. The premium for the policy remains the same throughout the term, making it easier for the policyholder to budget for the insurance costs. The policy also includes a conversion option, which allows the policyholder to convert it into a permanent life insurance policy without undergoing a medical exam before the end of the term. 

Million Plus Level Term 10

 

This life insurance policy provides a fixed death benefit of at least one million dollars for a specific term, typically 10 to 30 years. The premium for the policy remains level throughout the term, making it easier for the policyholder to budget for the insurance costs. The policy does not accumulate cash value and expires at the end of the term if not renewed. This type of policy is often purchased by individuals who want to provide financial security to their loved ones during their unexpected death.

Nexus Financial Services Services Group is a Community First Financial company. We are dedicated to providing comprehensive insurance and wealth management solutions to protect what matters most to you and the communities in which you live. With over 20 years of experience, our team of subject matter experts understands the unique needs of individuals, families, and businesses – The community. We offer a range of wealth management options, including life, health, property, and casualty insurance, to ensure you have the coverage you need to safeguard your financial security and peace of mind.  Please feel free to contact us today at info@nexusfinancialservicesgroup.com.