Term Life Insurance in Seattle, WA

Life insurance is essential for securing your loved one’s financial future after you’re gone. While selecting the right type and amount of coverage is a personal choice, term life insurance is a valuable option.

At Threshold Nosh and Dwell, we provide a variety of life insurance solutions.

What Is Term Life Insurance?

Term life insurance covers a specific period, known as the policy’s term, such as 10, 20 or 30 years.

If you pass away during the policy term, your beneficiaries can apply to receive the death benefit. However, the policy expires without a payout if you outlive the term. At the end of the term, you may be able to renew coverage or let the policy lapse. Some insurers allow policy owners to convert a term policy to a whole-life policy.

Term Life Insurance vs. Whole Life Insurance

Term life insurance is typically less expensive than whole life insurance since it doesn’t include an investment component. It can help cover financial needs like paying off a mortgage or funding your children’s education after death.

While term life insurance can cover you for a set period, whole life insurance may provide lifelong coverage and include a savings component that builds cash value over time. Whole life insurance premiums are typically higher, but the policy can also be an investment vehicle. Deciding between term and whole life insurance depends on your financial goals and needs.

Term Life Insurance Provider Near You

Purchasing term life insurance requires assessing your unique needs and priorities. Whether you want to provide financial support after your death by covering your mortgage or replacing your income, term life insurance can offer a death benefit for a set amount of time.

Our agents at Threshold Nosh and Dwell in Seattle, WA, can guide you through the process and help you select the best policy for your situation. Contact us today to learn more.