• 54°

What is your objection to term life insurance?

One objection to purchasing term life insurance is just that: when the term is over, the policy is finished. That’s it. No more coverage.

Many people I’ve talked with about term insurance worry they will outlive the policy period and “waste their money” on something they didn’t need. It can be difficult to counter these arguments except by explaining how term insurance can be an affordable way to provide life insurance coverage for a specific time period.

Until now. Insurance companies are offering term policies that actually return the premiums you’ve paid after the level premium period ends. In other words, if you purchase a 20-year term policy and are still living when the 20-year level premium period ends, the premiums you paid will be returned to you, in many cases free of federal income tax.

Those returned premiums can have a number of uses. If you still need life insurance you could purchase another policy. You could also use the premiums that are returned to pay down your mortgage or even add to your retirement savings.

Life insurance can provide peace of mind that your loved ones’ financial burdens may be eased if you are no longer there. The benefit provided by life insurance can help keep dreams alive.

One objection to buying term life insurance has been addressed by a policy that may return the premiums you paid.

Ask an insurance professional about a product that provides needed life insurance coverage but has the potential to return your premiums at the end of the term.

Stuart Heflin is a local State Farm agent.

News

Florida couple start fundraiser to secure, restore historic home here

News

Two men arrested for theft, damage at old International Paper

News

Legislative forum is Monday at Natchez Convention Center

News

Natchez projects awarded over $350,000 from MDAH grants

BREAKING NEWS

Sheriff’s office investigating shots fired in Adams County Wednesday night

BREAKING NEWS

Natchez police arrested teen in Wednesday night murder

News

More donate to Children’s Christmas Tree fund

News

Murder investigation of Natchez native now streaming on Discovery+

News

Harbor Freight Tools excited to be joining Natchez community

News

Supervisors approve contract for new engineering firm

COVID-19

State reports new COVID-19 cases, deaths

News

Adams County seeks study for new fire stations

News

Jackson State band to perform in Biden inauguration event

COVID-19

Bailey appointed interim tax collector until November special election

News

Supervisors reappoint Phillip West to Natchez school board

News

Harbor Freight showing job listings for new Natchez location

COVID-19

Coroner: Two more people died with COVID-19 Sunday at Merit Health Natchez

News

CPSO deputy finds his dog shot in his backyard

News

Missing teen found

News

Former Natchez Mayor Butch Brown off of ventilator in Jackson ICU

COVID-19

State reports 1,606 new COVID cases and 40 new COVID related deaths

News

Natchez native pens third installment of murder series

News

Photo Gallery: ACCS student celebrates birthday with drive-thru party

COVID-19

State reports 2,680 new COVID-19 cases, 70 new COVID related deaths