5 year Simple Issue Term Life Insurance is a much better buy than Credit Life Insurance
Many people purchase items such as Cars, Boats, Motorcycles, Recreational Vehicles, and furniture on credit. Some take out loans to pay their taxes or medical bills, or to consolidate their debts. Others have short-term needs such as college expenses or other family commitments. If one of the family’s wage earners dies before the loan or commitment is satisfied, the family could face financial peril.
We have a product that helps protect families against this risk that is much more affordable than Credit Life Insurance. It is a “Simplified-Issue 5-Year Level Term Life Insurance policy” from Auto-Owners Insurance Company. It has only 3 Health Questions to answer.
It is recommended for people with short-term loans (10 years or less) for items such as:
The Policy features:
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