I'm comparing the pros and cons of a NWM level term policy with a NWM adjustable premium term policy.
Everyone knows how a traditional level term policy works. For me, a 20 year term would end when I'm 45 and a 30 year term when I am 55. I think I would be comfortable with the 30 year term.
The adjustable premium term policy lasts until the holder is 80. With the adjustable premium term policy, premiums are payable for the entire coverage period. Scheduled premiums start out low, increase annually, and are guaranteed for the first five years of the policy. After five years, they may increase above the scheduled rates, but not beyond the guaranteed rates specified in your contract.
www<period>nmfn<period>com/tn/insprods--life_term80_pg
I'm wondering what you all think about the adjustable premium term policy. I'm looking to purchase a term policy; I don't want permanent or whole life coverage.
Everyone knows how a traditional level term policy works. For me, a 20 year term would end when I'm 45 and a 30 year term when I am 55. I think I would be comfortable with the 30 year term.
The adjustable premium term policy lasts until the holder is 80. With the adjustable premium term policy, premiums are payable for the entire coverage period. Scheduled premiums start out low, increase annually, and are guaranteed for the first five years of the policy. After five years, they may increase above the scheduled rates, but not beyond the guaranteed rates specified in your contract.
www<period>nmfn<period>com/tn/insprods--life_term80_pg
I'm wondering what you all think about the adjustable premium term policy. I'm looking to purchase a term policy; I don't want permanent or whole life coverage.