Auto Insurance

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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Sullivan Insurance

& Financial Inc.

487 Groveland Street
Haverhill MA 01830

Phone: 978-372-2790
Toll-Free: 866-372-2790
Fax: 978-373-2281
Email: ksullivan@sullivanif.com

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