Reader question:

What can I do with a Houston term life insurance policy?

Craig

Good question.

One of the best things about a Houston term life insurance policy is that it is far more flexible than a whole life insurance policy. There are many other benefits to both the purchaser and the company, and here are a few that might attract you to this kind of policy.

• Unlike whole life insurance, if you buy a Houston term life insurance policy and later change your mind, you can then convert it to a universal life insurance policy.
• Unlike whole life insurance, you can adjust your term life insurance according to your income and the cost of living, thus raising or lowering your monthly premiums but also the benefits.
• You can also add your spouse and child to the policy as term riders. Although not usually for the entire extent of the term, they can be on there for up to 20 years, 18 years in the case of the child.
• If you life your Houston term life insurance policy, then when it comes to the end you can renew it into another term policy or you can even just purchase whole life insurance.

take care,

Fashun