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There may be times when you need financial protection for a limited period. Term life insurance from Lafayette Life (TLP-08) provides maximum protection with minimal cost, with coverage for a specific period of time. It is pure life insurance that does not increase in value. If you die within the designated time frame, your beneficiaries will receive the death benefit amount. The younger you are, the lower the premium — or price — you pay for term insurance. Some term products offer flexible features such as convertibility to a permanent product and return of premium – these are a good choice when you cannot predict your future needs.
Convertibility means when you decide that you need a more permanent form of insurance, your policy can be converted into a permanent life product without new evidence of insurability. Term is an ideal solution for a variety of business and personal challenges that could arise from an unexpected death:
Life insurance products are issued and guaranteed by The Lafayette Life Insurance Company, Cincinnati, Ohio. Guarantees are based on the claims-paying ability of the company. The Lafayette Life Insurance Company operates in D.C. and all states except AK and NY, and is a member of Western & Southern Financial Group. Product approval, availability and features may vary by state. The Lafayette Life Insurance Company and its agents do not offer legal or tax advice. The information contained herein is general in nature and for informational purposes only. Always consult an attorney or tax advisor regarding your specific legal or tax situation.