{"id":103,"date":"2022-03-31T04:00:00","date_gmt":"2022-03-31T10:00:00","guid":{"rendered":"https:\/\/www.outdoorinsuranceservices.com\/blog\/?p=103"},"modified":"2022-03-31T11:02:53","modified_gmt":"2022-03-31T17:02:53","slug":"is-term-life-insurance-best-for-me","status":"publish","type":"post","link":"https:\/\/www.outdoorinsuranceservices.com\/blog\/is-term-life-insurance-best-for-me\/","title":{"rendered":"Is Term Life Insurance Best for Me?"},"content":{"rendered":"<p>As the name implies, term life insurance is a policy that provides coverage for a specific period &#8211; usually between 10 and 30 years. If, during that time, the policyholder passes away, then any beneficiaries are entitled to receive the totality of the policy&#8217;s payout.&nbsp;<\/p>\n<p>Outside of term life insurance, the other most popular type of coverage is whole life which lasts your entire life &#8211; assuming that the policy premiums continue to be paid. Unlike term life insurance, a whole life policy also includes a cash value where a portion of your premium cost is invested with the sum growing on a tax-deferred basis and available to withdrawal in a hardship.&nbsp;<\/p>\n<p>Since term life insurance only covers the policyholder for a specific period and does not contain a cash benefit, it is less expensive than whole life insurance. Benefits offered with a term life insurance policy include the following:<\/p>\n<ul>\n<li>Lower premium costs<\/li>\n<li>Flexible coverage timelines<\/li>\n<li>Guaranteed death benefit<\/li>\n<li>Accelerated death benefit<\/li>\n<\/ul>\n<p>When determining how much coverage to purchase, you&#8217;ll want to consider your current and future expenditures. For example, you&#8217;ll want to purchase a term life insurance policy with a high enough death benefit to pay off your debt obligations such as a mortgage or student loans. In addition, if you are funding college savings accounts for your kids or other large purchases, then opt for a premium that will provide enough coverage to pay for that.&nbsp;<\/p>\n<p>At Outdoor Insurance Services in Houston, TX, our dedicated team of insurance professionals can answer all your questions and help you decide if a term life insurance policy is right for you. Give us a call today to schedule a no-obligation appointment to learn more.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the name implies, term life insurance is a policy that provides coverage for a specific period &#8211; usually between 10 and 30 years. If, during that time, the policyholder passes away, then any beneficiaries are entitled to receive the totality of the policy&#8217;s payout.&nbsp; Outside of term life insurance, the other most popular type [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[21,19],"class_list":["post-103","post","type-post","status-publish","format-standard","hentry","category-life-insurance","tag-houston-tx","tag-outdoor-insurance-services"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/parULY-1F","_links":{"self":[{"href":"https:\/\/www.outdoorinsuranceservices.com\/blog\/wp-json\/wp\/v2\/posts\/103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.outdoorinsuranceservices.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.outdoorinsuranceservices.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.outdoorinsuranceservices.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.outdoorinsuranceservices.com\/blog\/wp-json\/wp\/v2\/comments?post=103"}],"version-history":[{"count":1,"href":"https:\/\/www.outdoorinsuranceservices.com\/blog\/wp-json\/wp\/v2\/posts\/103\/revisions"}],"predecessor-version":[{"id":104,"href":"https:\/\/www.outdoorinsuranceservices.com\/blog\/wp-json\/wp\/v2\/posts\/103\/revisions\/104"}],"wp:attachment":[{"href":"https:\/\/www.outdoorinsuranceservices.com\/blog\/wp-json\/wp\/v2\/media?parent=103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.outdoorinsuranceservices.com\/blog\/wp-json\/wp\/v2\/categories?post=103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.outdoorinsuranceservices.com\/blog\/wp-json\/wp\/v2\/tags?post=103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}