Term Life Insurance
Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term. Once the term expires, the policyholder can either renew it for another term, convert the policy to permanent coverage, or allow the policy to terminate.
How Term Life Insurance Works
When you buy a term life insurance policy, the insurance company determines the premiums based on the value of the policy (the payout amount) as well as your age, gender, and health. In some cases, a medical exam may be required. The insurance company may also inquire about your driving record, current medications, smoking status, occupation, hobbies, and family history.
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The information provided on this website is for general informational purposes only and does not constitute insurance advice. Coverage cannot be bound, altered, or canceled via this website, email, voicemail, or online forms. All coverage is subject to the terms, conditions, and exclusions of the policy issued. Please speak with a licensed agent for specific coverage guidance.
Sullivan Insurance
& Financial Inc.
487 Groveland Street Haverhill MA 01830
Phone: 978-372-2790
Toll-Free: 866-372-2790
Fax: 978-373-2281
Email: info@sullivanif.com
Monday-Thursday 9-5
Fridays 9-12 Noon
By appointment anytime
