Term Life Insurance
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Renewable Term Life Insurance
A renewable term life policy available through GoldCoast typically runs for a shorter term, but has the option to renew it. The terms often run from 5 to 30 years. With each renewal, the premium is based on the person’s current age, which can result in a higher premium.
Sometimes, the renewal requires proof of insurability, so the person must continually demonstrate good health in order to renew. There are renewable policies that do not require proof of insurability, but the renewal rate will still be based on the current age.
People tend not to purchase renewable term life for long periods such as 30 years, because the rising cost of the premium can make it impractical
Convertible Term Life Insurance
Flexible and affordable, convertible term life insurance available through GoldCoast can be “a valuable benefit” for some. This type of insurance allows people to convert their term life insurance into a permanent life policy, without a medical exam or the need to prove insurability.
The premiums can be lower than a standard term life policy, so it often appeals to young people and families on a budget. As time goes on, policyholders may need more coverage, or they might decide a policy with a cash value makes more sense. Having the ability to convert the policy offers nice flexibility as needs or financial goals change.
There are two things to be mindful of with a convertible policy. First, when you convert to a permanent life insurance policy, the premium increases. Second, there is typically a window during which you can convert. The ability to convert does not run for the entire term, so it’s wise to watch for the deadline.
How To Apply For Term Life Insurance
You can get started by requesting a term life insuarnce quote.
A nationally licensed agents will help you answer your questions and find the right term life insurance policy for you and your family.
Reviews from Customers who have Bought Term Life Insurance through GoldCoast
We think what our satisfied customers say about us in their life insurance reviews, says more than any advertising campaign ever could. A life insurance rating from customers is a great way to see what people really think about a company. The reviews you see below are from customers who purchased life insurance policies through GoldCoast.
After a customer buys life insurance from us we ask them for a review. We post all reviews unless their content is obscene, inflammatory or not factually accurate. We ask customers to rate our services and then produce an overall rating as shown below. We encourage you to read our life insurance reviews and see just how happy our customers are.
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