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10 Year Term Life Insurance Policy

10 year term life insurance

If you already purchased a 10 year term life insurance policy then you may feel your loved ones are safe regardless of what happens to you. A lot can change over a 10 year span so it is important to review your coverage.

Family Changes

Often, people will purchase 10 year term life insurance policies and forget to make adjustments when various aspects change in their life. In the period of ten years a person may get married or divorced. A family may have a child, or they may have three children. If your family situation alters at all it is very important to review your 10 year term life insurance policy or any policy you may have. You want to make sure all of your loved ones will be taken care of in the event of your death.


If you have received a promotion at work then your family is counting on you for a higher income. If you purchased your 10 year term life insurance policy before your promotion then you will need to make adjustments to your plan. It is important that your policy is adjusted to fit your financial situation at all times. You want your family to be able to live a comfortable lifestyle in the event that you pass away.


Anytime you make a positive life change it could affect your life insurance rate. If a smoker quits smoking for over a year he/she may get a better insurance rate. The same is true if an overweight person loses weight, that person’s rates may change. Improved health is usually rewarded through life insurance rates.

Annual Review

It is recommended that a person review their life insurance policy annually. If you make this a habit from the beginning then you are more likely to have an insurance policy that reflects your current standard of living. It is important after you purchase a life insurance policy ito not forget it! Make sure you pay attention to your policy because certain changes could really affect your loved one’s future.


If you have already purchased a 10 year term life insurance policy or any life insurance policy then you already understand the importance of life insurance for your family’s future. Make sure you review your policy with any life changes that occur. If you are not sure if something matters it is better to talk to your life insurance agent. You may find yourself

with a better rate today!

Invitations for application for life insurance on are made through Efinancial, LLC or through its designated agent, Michael W. Rowell, only where licensed and appointed.License numbers are available upon request and are automatically provided where required by law. Michael Rowell is a licensed life insurance agent in all 50 states, including the District of Columbia, and his resident state of Washington. Michael W. Rowell’s Washington license number is 150354; in California, 0C83033; in Louisiana, 265202; in Minnesota, 20234878; in Utah, 126919; in Massachusetts, 1757436; and in Texas, 1001041. Efinancial, LLC’s California license number (d/b/a Efinancial Term Insurance Services) is 0F37537; in Louisiana, 323680 and in Utah, 104501.

Not all products available in all states. Fidelity Life Association is licensed in all states and the District of Columbia, except for Wyoming and New York. Our NAIC number is 63290.

* Quotes based on a composite of participating carriers which have at least an “A-” rating by A.M. Best. Rates current as of 10/6/2011 for a Guaranteed 10 year term-life policy, issued at each company’s best-published rates. Comparison made for a male, preferred plus, non-tobacco user, ages 35, 40, 45 and female, preferred plus, non-tobacco user, ages 35, 40, 45. Rates and the products available may vary by state. All policies are subject to underwriting approval.

American General Life and Accident Insurance Company, Nashville, TN; Banner Life Insurance Company, Urbana, MD, and William Penn Life Insurance Company, Garden City, NY, both Legal & General America companies; Fidelity Life Association, A Legal Reserve Life Insurance Company, Chicago, IL; Genworth Life and Annuity Insurance Company, Lynchburg, VA and Genworth Life Insurance Company of New York, New York, NY, member companies of Genworth Financial, Inc.; First MetLife Investors Insurance Company, New York, NY, MetLife Investors USA Insurance Company, Irvine, CA and Metropolitan Life Insurance Company, New York, NY, all three members of the MetLife family; Protective Life and Annuity, Birmingham, AL; Pruco Life Insurance Company, Newark, NJ and Pruco Life Insurance Company of New Jersey, Newark, NJ, member companies of Prudential Financial, Inc. Newark, NJ; Reliastar Life Insurance Company, Minneapolis, MN, Reliastar Life Insurance Company of New York, Woodbury, NY and Security Life of Denver Insurance Company, Denver, CO, member of the ING family of companies; Transamerica Financial Life Insurance Company, Harrison, NY, and Transamerica Life Insurance Company, Cedar Rapids, IA, both AEGON companies

Rates and time taken to purchase a policy vary by product.

Copyright © 2013 Fidelity Life Association, A Legal Reserve Life Insurance Company. All rights reserved.

Category: Insurance

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