Term Life Insurance

Term Insurance is a low-cost, temporary alternative to Permanent Insurance. It provides good interim protection, and most policies can be purchased for face amounts of $50,000 and up. Available plans include:

• Level Premium Term - Provides good protection for those who need to cover short-term debt for a limited time such as a car loan, or a longer-term debt such as a mortgage. Protects against loss of income while you have children at home. Has a level death benefit and can be purchased for 10 to 30 years. Issue ages: 0-70. Once the initial policy term expires, you have the option to continue renewing the policy annually as you get older (until age 100). During the renewability phase of the policy, your rates will increase based on your age at the time of renewal. You can convert to a Permanent Life or Universal Life policy before age 65.

• Return Of Premium - Available as a 20-year level term plan, this option is ideal for individuals who want and need protection and peace of mind but think they will outlive their policy. With Alfa's ROP Term, if you are living and the policy is in force at the end of the 20-year period, all your base premiums and policy fees are returned to you. If you cancel before the term expires, you could still receive a percentage of the premium you have paid.

• Decreasing Term - A good choice to help provide mortgage protection, pay off debts or offer limited family protection. Has a level premium with a decreasing death benefit and may be bought for terms ranging from 10 to 30 years. Issue ages: 18-60. Expires at the end of the term or no later than age 70. The decreased death benefit can be converted to a Permanent Life or Universal Life policy before age 65.

• Joint Decreasing Term - Can help protect your mortgage or business, covering both spouses or business partners with one policy. Offers first-to-die protection and can be purchased for terms ranging from 10 to 30 years. Issue ages: 18-60. Expires at the end of the term or no later than age 70.

*Non-tobacco rates are available on all policies for those who qualify.