Reader’s Question:

I want a term life insurance policy that I can afford, but I like the idea of the cash value of whole life. What do you think shall I do to get the cheapest life insurance in Manhattan Kansas? Thanks,

Pascual

Lawrence, KS

Good day, Pascual,

An interesting question, and a pretty popular one at that! Typically people like term life insurance because it provides a guaranteed death benefit at very affordable premium rates. Basically, a lot of bang for the buck. What owners policy holders like about whole life are the protection and the cash vale advantages.

There are term life insurance plans that offer whole life potential and very appealing conversion options. You will need to contact an insurance agent in Lawrence to get specific details on various offerings but consider some of these flexible options. Certain term life insurance policies offer fixed rates for various periods of time with the option to covert to whole life policies at various, defined intervals. One great advantage of this is that a medical examination may not be required at conversion from term life insurance to a whole life plan.

Basic variations of this term life insurance plan are available through most carriers in Lawrence, Kansas. If you decide that you do not want to convert to whole life at the end of the option period, you can usually continue your term life insurance but with new premium guidelines. Make sure that a new physical will not be required.

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