• About
  • Contact
  • Testimonials
  • Newsletter
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Thursday, March 30, 2023
No Result
View All Result
California Business Journal
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
California Business Journal
4 Reasons to Get Renewable Term Life Insurance

4 Reasons to Get Renewable Term Life Insurance

by Debra Amato, California Business Journal
A A
Share on FacebookShare on Twitter

Summer means sun, beaches, and traveling for many. However, term life insurance may be essential to ensure coverage for your family during your travels. And since 50% of people overestimate the cost of term life insurance, getting a policy may be less expensive than you think.

Some people may be worried about outliving their policy. Renewable term life insurance is a great option designed to help address this concern. This policy lets you extend your coverage without the insurer underwriting a new policy and requiring another medical exam. Your premiums can increase, but approval is virtually guaranteed. With that in mind, this article will cover four reasons to get renewable term life insurance this summer.

1. It Provides peace of mind if you go on vacation

Renewable term life insurance provides peace of mind by ensuring you’re covered if a terrible loss occurs on vacation. In addition, it’s inexpensive, minimizing how much it eats into your vacation budget while helping you easily renew coverage next year.

2. You can renew the policy with no medical exam

Renewable term life insurance policies require no medical exam. This can be an excellent choice if lifestyle changes, injury, or illness might disqualify you from a term life insurance or if you simply don’t want to get the medical exam each time you get new coverage. Your premiums will change due to your change in age and other conditions, but you generally won’t be denied coverage for medical reasons when you renew.

3. Premiums are inexpensive

Renewable term life insurance premiums can be more affordable compared to some permanent life insurance policies. As a result, you can more easily fit the coverage you need within your budget while having the ability to extend coverage as long as you need.

4. The policies are simple

Renewable term life insurance policies tend to be pretty simple since they don’t come with a cash value growth component. This means they can be an excellent option for people who don’t need a more complex policy.

ADVERTISEMENT

With a renewable term life policy, you pay a fixed premium to maintain coverage. If you want to renew or need to adjust your policy — such as adding riders or altering beneficiaries — you can contact your insurer with those updates.

Consider renewable term life insurance this summer

Before you pack your suitcase, hit the road, or head to the airport, consider covering your family with renewable-term life insurance. It can offer inexpensive coverage if the worst happens while on vacation, and you can extend coverage in the future as needed without a new medical exam or risk of denial.

Your premiums will increase with each renewal, but this can still be more affordable than a permanent life insurance policy. Plus, renewable term life insurance is relatively simple, making it easy to understand your policy and get the right amount of coverage. Make sure you consider renewable term life insurance while booking your summer travel.

Related Posts

5 Tips on How to Choose the Best Type of Life Insurance Policy for You
5 Tips on How to Choose the Best Type of Life Insurance Policy for You
How Much Does AARP Charge For Life Insurance?
How Much Does AARP Charge For Life Insurance?
The Complete Guide to Best Term Insurance Plan
The Complete Guide to Best Term Insurance Plan
Understanding An Insurance Declaration Page
Understanding An Insurance Declaration Page
What are the Coverages You Need for Towing Business?
What are the Coverages You Need for Towing Business?
Tags: 4 Reasons to Get Renewable Term Life Insurance This Summergrowthinsurancelife insurancemakingmedicalvalue
ADVERTISEMENT
Debra Amato, California Business Journal

Debra Amato, California Business Journal

Related Posts

How Much Does AARP Charge For Life Insurance?
How Much Does AARP Charge For Life Insurance?
The Complete Guide to Best Term Insurance Plan
The Complete Guide to Best Term Insurance Plan
What are the Coverages You Need for Towing Business?
What are the Coverages You Need for Towing Business?
Understanding An Insurance Declaration Page
Understanding An Insurance Declaration Page
5 Tips on How to Choose the Best Type of Life Insurance Policy for You
5 Tips on How to Choose the Best Type of Life Insurance Policy for You
advertisement
ADVERTISEMENT

CBJ Newsletter

Facebook Twitter LinkedIn Instagram LinkedIn

Advertise With CBJ

Contact Rick@CalBizJournal.com

CBJ Rates and Demographics

Job Postings

CEO Wanted


Requirements: BS/BA + 2yrs of Business Managing Experience

Mail Resume: Grand Life, Inc. 14647 Northam St. La Mirada, CA 90638.

$114,754/year

ADVERTISEMENT
1REALTOUR-SAN DIEGO-WEB DESIGN
Facebook Twitter LinkedIn LinkedIn Instagram Youtube
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • California Hotel Listings
  • Daily Updates
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Lawyers
  • Marketing
  • Medical
  • News
  • Newsletter
  • Opinion
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • Gavel, scales of justice and law books

    Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • Investigation: Can TriumphFX Take Your Money?

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    3 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • The Truth About Temu: Where Is It From?

    0 shares
    Share 0 Tweet 0
  • Top 5 Flavors On Elf Bar BC5000 Review

    0 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • Temu’s New Shipping Policy Is A Smashing Hit For Shoppers All Over the Country

    0 shares
    Share 0 Tweet 0
  • Five Reasons Why The Government Does Not Like Bitcoin

    0 shares
    Share 0 Tweet 0
  • How to Start a Telecommunication Business: A Step-By-Step Guide

    0 shares
    Share 0 Tweet 0

Latest Articles

Navigating Volatility: How Hedge Funds Use Analytics to Stay Ahead

Navigating Volatility: How Hedge Funds Use Analytics to Stay Ahead

Best Homecoming Dresses That Are Simply Stylish

Best Homecoming Dresses That Are Simply Stylish

Safer Onboarding Doesn't Have to Involve Friction

Safer Onboarding Doesn’t Have to Involve Friction

How can Actions Cause Damage to the Spinal Cord?

How Can Actions Cause Damage to the Spinal Cord?

Funzone casino: Five Games to Win Real Money in 2023

Funzone casino: Five Games to Win Real Money in 2023

The link between CBD and Blood Pressure: What Does Science Say?

The Link Between CBD and Blood Pressure: What Does Science Say?

7 Ways To Effectively Negotiate Salary When Working At A Startup

7 Ways To Effectively Negotiate Salary When Working At A Startup

Why is it important to have a variety of payment methods in an online casino Philippines?

Why is it important to have a variety of payment methods in an online casino Philippines?

Fostering Growth for African Companies

Fostering Growth for African Companies

It's estimated that 1 in 20 insured homes make a claim every year. You may find yourself in a situation where you need to file a claim for your own property sooner than you think. When it comes to making insurance claims, hiring a public adjuster can be an extremely helpful resource. They will work on your behalf to assess the true value of your claim and prevent insurance companies from offering you less. In this guide, we will provide an overview of public adjusters and explain why you may want to consider hiring one.

What is a Public Adjuster? Top 5 Reasons to Consider Hiring One

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR