Looking for Affordable Life Insurance?

Contact Downeast Insurance Solutions in Ellsworth, ME

What is term life insurance? Term insurance is usually the most affordable type of life insurance, but often it isn't the best value. It provides temporary financial protection for your loved ones during your working years.

The death benefit pays money directly to your beneficiaries to help with funeral costs and ongoing financial obligations such as daily living expenses, child education and mortgage payments and some business applications. Unlike permanent life insurance, it doesn't build tax advantaged cash values and is not appropriate for retirement savings or for those that want coverage for their whole life. Premiums are fixed and guaranteed for the term and the longer the guaranteed term the more expensive the premium.

In addition to a death benefits, some policies provide accelerated death benefits (access to death benefit as a lump sum cash payment to policy owner) as a result of:

  • heart attack
  • stroke
  • cancer
  • terminal illness
  • long term care

Cash benefits can be used for anything with no repayment obligation or borrowing cost. Manage the risk with insurance Coverage from Downeast Insurance Solutions of Ellsworth, ME and worry less about the future! Call 207-669-5464 now to schedule an appointment or to obtain a quote.

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