What happens when a level term life insurance policy reaches the end of its guaranteed level premium period?

你能延长定期人寿pp王者电子官网吗? 答案是肯定的. 当大多数定期寿险保单的保费到期时, 它们通常成为每年可续期的定期pp王者电子官网. 它的意思是，如果你继续按时缴纳保费, it will remain in force and will continue to renew every year until its expiration.

You may be thinking why not just keep your current policy and let it renew every year after the guarantee period? Well, the renewal process results in one very important change to your policy. 您的保单可以续期, 但是你的pp王者电子官网费将根据你的达到年龄来计算, which also means your premiums are highly likely to increase – and not just once, 但这项政策每年都在实施.

If you have a term life insurance policy that’s about to reach the end of its guaranteed level premium period, it’s important to understand your options along with some actions you may want to take to get the most out of your life insurance coverage.

Option 1: Convert all or a portion of your current term life policy to a permanent life policy

大多数定期保单都有转换特权, 它允许你转换所有, 或者把你的部分pp王者电子官网转给寿险公司, and typically without undergoing additional underwriting or a medical exam. You’ll no longer need to worry about your premiums increasing every year because a permanent policy offers level premiums for as long as you live (as long as your premiums are paid on time), 不像定期保单, 哪一种pp王者电子官网只提供一定年限的等级保费.

优点:

• 在您的余生中，您的保费将保持不变
• The policy will last the rest of your life (if your premiums are paid on time)
  
• 你不需要做体检
  
• 您的保单建立了保证现金价值
  

缺点:

• 永久pp王者电子官网可能不像定期pp王者电子官网那样负担得起

选择二:购买新的定期寿险

你的另一个选择是获得另一份定期人寿pp王者电子官网的资格. With this option, you’ll once again have guaranteed level premiums for the length of the term. This is a viable choice if you have a specific need for coverage, for a specific amount of time. 例如, 帮助提供钱来偿还抵押贷款, 提供教育费用或收入替代.

优点:

• 许多定期保单有10年、20年和30年的递增期
  
• A term policy typically is more affordable than a permanent policy
• 如果需要，您仍然可以拥有转换特权

缺点:

• 记住，它不是永久性的
• 你可能需要接受体检才能获得资格
• Depending on your age, you may not qualify for the length of the term policy you want
• 定期保单不会产生现金价值

选择三:保留你目前的定期人寿pp王者电子官网

You also have the option of keeping your term life policy even after the policy has reached the end of its term. 然而, 如前所述, 如果你决定用这个选项, keep in mind that your policy will automatically convert to an annual renewable term life policy and your premiums will increase (because they’ll be based on your age at the time of renewal).

优点:

• Your current coverage will remain in force (if your premiums are paid on time)

缺点:

• 你的保费每年都会增加
• 你的保单可能有一个到期年龄，通常是95岁

Don’t forget to discuss these options with your 状态 Farm agent before your guaranteed level term period expires. If you are not sure when that is, your agent can always help you find it.

Revisit your life insurance needs; they may have changed

It’s always a good idea to revisit your life insurance needs on a regular basis, 因为它们经常会随着时间的推移而改变. As you think about what you want to do with your current term policy, 以下是在权衡选择时需要考虑的一些关键因素:

• 你目前的人生阶段. 很多时候我们的人寿pp王者电子官网需求会受到 我们正处在人生的哪个阶段啊.
• 你的配偶或其他重要的人. Your partner may depend on your income to help meet monthly expenses. Having life insurance could help avoid putting them in a financial bind.
• 你的孩子或孙子. 想想你想留下什么遗产. Perhaps you want to help the young ones in your life with education costs.
• 租金或按揭付款. 生活 insurance can provide the financial protection that helps your loved ones stay in their home, 即使他们不再有你的收入.

你可以得到一个 人寿pp王者电子官网报价 现在,或 给我们一些细节 状态 Farm®的代理人会联系你.