At TermQuote we realize that not everyone needs term life insurance. Our licensed agents take the time to determine what products are right for you. We give you the choices and information so that you can make the right decisions for you and your family. Term Life Insurance Term insurance provides a death benefit if the insured dies while the policy is in force. Term policies can have 1, 5, 10, 15, 20, 25 or 30 year level premium guarantees. Term insurance generally is the most inexpensive type of life insurance because there is no cash-value, it provides a death benefit only. Universal Life Insurance A flexible premium life insurance policy under which the policyholder may change the death benefit from time to time (with satisfactory evidence of insurability for increases) and vary the amount or timing of premium payments. Premiums (less expense charges) are credited to a policy account from which mortality charges are deducted and to which interest is credited at a rate which may change from time to time. Long Term Care Long Term Care (LTC) is defined as the "health, personal, and social service needs of a functionally and/or cognitively impaired individual over a long period of time". Simply put Long Term Care is care given to an individual who is suffering from a long term chronic illness. A second point to the definition points out Long Term Care is just that. It's long term. Functionally impaired means that an individual can no longer perform one or more of the normal ADLs or Activities of Daily Living such as eating, bathing, dressing, continence, toileting and transferring.Cognitive impairment is easiest to understand when one considers the devastating affects of Alzheimer's disease. With a cognitive impairment, one could perform the activities of daily living but not be aware of the surrounding or family members due to the lack of mental capacity. Disability Income Protection Insurance that pays you an ongoing income if you become disabled and are unable to pursue employment or business activities. There are limits to how much you can receive based on your pre-disability earnings. Rates will vary based on occupational duties and length of time in a particular industry. This kind of coverage has a waiting period before you can begin collecting benefits, usually 60, 90 or 180 days. The benefit paying period also varies from 2 years to age 65. A short waiting period will cost more that a longer waiting period. As well, a long benefit paying period will cost more than a short benefit paying period. Joint Survivor Life Policies A flexible premium life insurance policy under which the policyholder may change the death benefit from time to time (with satisfactory evidence of insurability for increases) and vary the amount or timing of premium payments. Premiums (less expense charges) are credited to a policy account from which mortality charges are deducted and to which interest is credited at a rate which may change from time to time. The policy is written on two or more persons with benefits usually payable only at the first death. Health Insurance Insurance against financial losses resulting from sickness or accidental bodily injury.