Gateway Insurance, Term Life Insurance

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Gateway Professional
Insurance Services
Call (707) 446-9864 or

Lic. #0695062

Term Insurance
It's the basics:

Protection for a specified period of time.
Ideal for covering a specific need.

Initial low cost.
Convertible to permanent life insurance.

Term Insurance pays a benefit only if you die during the specified period of coverage. Some policies give you the option to renew coverage when the term expires. The premium increases at each renewal date. If your objective is maximum protection for a limited period at the lowest cost, term insurance is usually your best choice. Depending on your needs and preferences, you can choose from several kinds of term insurance policies.

Most term policies can be converted to permanent insurance. Term policies become more costly as a person gets older. This is because the rates are not spread out over the lifetime, as they are with most "permanent" or cash-value plans. Term policies are based only on a specified period of coverage. If you renew for another period, your premium is based on your age at renewal for the next term.

The Pros and Cons of Term Insurance

Advantages:

Lower premiums, generally, than those for permanent insurance, which allows the insured to buy higher levels of coverage at a younger age when the need for protection is often the highest.
A Good Solution, for covering specific needs that will disappear in time, such as mortgages and car loans.

Disadvantages:

Premiums Increase, as one gets older
Coverage may not be renewable, at the end of the term, or may become too expensive to continue.
No Cash Value or paid-up insurance, generally.

We offer a wide variety of term and permanent life insurance policies including those that provide discounted rates for nonsmokers and people with good health histories. See the for an easy self analysis of your current needs. Go here for information about coverage, or contact us to help select the right policy for you.

Gateway Professional Insurance Services

(707) 446-9864

For all your Insurance needs!

IMPORTANT NOTE: This web site provides only a simplified description of these coverage's and is not a statement of contract. Coverage may not apply in all states. For complete details of coverage's, conditions, limits and losses not covered, be sure to read the policy, including all endorsements. Gateway Professional Insurance is licensed in the state of California, license # 0695062. Properties must be in the state of California for us to provide insurance.