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Dover, NH 03820

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New Hampshire Insurance Blog

3 Benefits to Purchasing Temporary Life Insurance in New Hampshire

Temporary life insurance is one of the most cost-effective policy options for people seeking life insurance.  These plans typically last between 10 and 30 years.  If you live in New Hampshire and are thinking of buying term life insurance, this could be beneficial for you in various ways.  We at Gateway Property & Casualty serving Dover, NH could help you make informed decisions in finding the right policy for you and your needs.

Term Life Policies are Simple and Cost-Effective

Unlike whole-life policies, temporary policies tend to be less expensive.  Residents in New Hampshire tend to choose this policy because of its simplicity and cost-effectiveness.  These plans also are fixed throughout the policy.  Term life policies are good if you’re just seeking something for a set amount of years and don’t need something permanent.  It makes it easier for families on tight budgets to afford life insurance.

You Can Always Convert it to Permanent Life Insurance

There is also an option to convert term life insurance to a permanent one.  This normally happens if a person decides they need to have a permanent option.  They may start the first several years using term life insurance.  But when their circumstance starts to change, their medical condition, for example, they can opt to convert their plan to a whole life plan.

Provides More Flexibility

Term life policies are great for when you need them at specific times in your life.  It provides that flexibility you need that you don’t get in a whole life policy. For example, when you decide you need to start a plan for the next 10 years of your life, you can easily start one right away with a temporary life policy.

Contact Our Office for More Information

If you need more information about your temporary life insurance options, we’re always here to help.  Contact our Dover, NH area insurance professionals at Gateway Property & Casualty to schedule an appointment today.        

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