Life Insurance by Ten Pac
You should consider life insurance if you....
Affordable Level Premiums
Types of Life Insurance
Term life insurance refers to life insurance in which the insurer pays an agreed sum to the beneficiary if the policyholder dies during a specified term. The duration of the term can vary and is based on a person’s age and health, amongst other factors.
Term life insurance is a cheaper option and is different from universal, whole life, or permanent life insurance in that it provides coverage only for a specified amount of time. Once the term expires, policyholders can opt to renew their coverage or terminate the policy based on their preferences.
Rather than selecting a specific term, with whole life insurance the policyholder is covered for their whole life. This will guarantee to pay the benefit out so long as premiums are paid & the claim is valid. Payments are still made every year, or can be condensed into a 10-year period. There is no cash back/refund element. Premiums are fixed for the duration of the term, based on your age at entry.
Universal Life Insurance is usually used to generate wealth. With Universal Life Insurance, you put in a lump sum premium upfront. You're covered for 3x your lump sum. The minimum initial input is $50,000 USD.
This is a term life policy, but there is no set term. You just pay the renewal premium every year. Premiums annually will increase with age & inflation.
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Life insurance is common around the world and is used as a way for family and loved ones to pay off debts, fund college or university, and provide other essential living expenses when they are needed the most. Life insurance is a routine element of a family’s financial plan.
Ten Pac offers competitive and affordable premiums rates that do not increase by year or with inflation. Our services are meant to benefit individuals and families by easing the burden of making important financial decisions without worrying about payment increases or unforeseen costs and fees.
Ten-Pac is dedicated to working with you to provide optimal coverage for yourself and your loved ones and will stop at nothing to give you the most comprehensive life insurance policy possible.
Still, the final price will also depend on the type and length of coverage. Whole life insurance will be costlier due to its finite coverage length, often lasting the duration of the policyholder’s life. On the contrary, individuals can save money with term life insurance, as premiums are paid for only a specific amount of time.
Ten-Pac life insurance starts for as little as $20 USD per month.
Terms are usually in 5-year increments between 5-35 years. Payments can be annually, quarterly or monthly. If you stop paying the premiums, the policy will void with no refund. Premiums are fixed for the duration of the term, based on your age at entry. Rates will not increase with age of inflation.
There are also add-ons for: Critical Illness, Disability & Double Accident Benefit (benefit doubles if death is from accident)
Life insurance purchased in Vietnam covers death from all causes, including accidents and illnesses. Primary and tertiary beneficiaries can be appointed however the policyholder sees fit, with pricing options and premiums to match any budget.
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