Term Life Insurance

Make sure your family is taken care of

Sometimes life can take unexpected turns. Is your family protected if something happens to you? WebFirst Insurance, LLC offers term life insurance, which is vital in making sure that your family is still being cared for when you pass away. Let us give you peace of mind by providing a simple coverage plan that will keep you and your family covered.

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What is term life insurance?

Term life insurance is the simplest form of life insurance. The policy holder pays a premium for a certain amount of time, between 10 and 30 years, and if you die during that period, a cash compensation is paid to your family. However, term life insurance does not have a payout after the term is over, and it holds no other value than a death benefit.

How do I choose term length?

If a spouse and children are the main beneficiaries of your policy, a good rule of thumb is to choose a term long enough to see them through college and out of the house. Regardless of having children, it’s better to err on the side of getting a longer term policy, because you never know what the future holds.

Types of term policies

Level premium

your premium policy stays the same for the entire term

Yearly renewable term

covers you for a year at a time, with an option to renew without a medical exam for the duration of the team, but at a higher cost each year

Return of premium

type of term policy pays back all or a portion of your premiums if you live until the end of the term. The catch is that your premiums could be significantly higher than with a standard, level premium

Guaranteed issue

easier to get because they don’t require a medical exam and only ask a few simple health questions. This means the insurance carrier has to assume that you’re a high risk prospect who has health issues

Convertibility

Convertibility is a policy that lets you change your term insurance into a permanent whole life policy down the road, without having to get a new medical exam. Why convert your policy? If you’ve had a serious health problem, it may be very difficult to get another policy. Or it may make sense to purchase permanent, life-long coverage.

Terms you should know

Premium

the amount of money you pay for your insurance policy

Deductible

the out-of-pocket expense that you are required to pay before your insurer will cover your claim

Rate

the cost of your unit of insurance

Escrow

a third party service that holds your money until the money is ready to be released

Negligence

when a person doesn’t exercise reasonable care in a given situation

Term

the amount of time you are covered for. In a term life policy, the term is 10-30 years

What happens when you contact our agents?

1
You request a quote.

You will be asked to provide the basic required information for a quote to one of our insurance agents. This information would be your name and how much coverage you would like to purchase, and the length of the term. We will reach out directly for more information once you request a quote.

2
Verifying coverages.

We will verify your needs for your insurance policy. This is so that we can provide you with the best insurance in Massachusetts that caters to your needs.

3
We write up a quote.

Based on the information that you provide to our agents, we will write up a quote for you, and contact you with several differently priced options, to see what fits your budget. We work with many carriers, so finding you the right coverage at the most affordable price is the name of our game.

4
Signing the contract.

If you like the terms and the price, the insurance agent sends over an application. The customer fills out the application, and sends in a down payment on the policy.

About our term life insurance coverage

By representing different insurance companies WebFirst Insurance, LLC can shop for the most affordable insurance plan for your needs. WebFirst Insurance, LLC offers quotes on term life insurance, providing you with the best term life insurance in Massachusetts.