Term Life for You & Your Family
Life is unpredictable and can change within seconds. That’s why you must put some financial security measures in place. With Term Life insurance, Olson Duncan can help you prepare for the unexpected tomorrow.
Financial Protection for Your Loved Ones
Term Life is a straight insurance policy with no investment component. You’re buying affordable coverage for a set period, provided you pay the monthly premium. It can help protect your dependents in the event of your untimely death, particularly if you have family or others who count on your income or special care. That goes for household breadwinners and a stay-at-home parent, whose enormous contribution to the family would be very expensive to replace.
Term insurance can also help pay off family debts or be used to hire outside care that you were previously providing. Funds from a Term Life policy can be designated to a trust if you want to have the money dispensed by a trustee, or they can be paid directly to a beneficiary.
Choosing the Right Type of Term Life
Term Life insurance comes with numerous options. You can opt for a level Term policy, which keeps the same payout through the policy’s life, or you can choose decreasing term insurance, which means the death benefit is reduced over time. One example of that is mortgage life insurance.
Some policies keep the premium steady for the entire time you own the coverage. Others increase the premium incrementally at specific benchmarks over the course of the policy’s term.
It is also possible to opt for a plan with optional riders, which gives you choices about changing or increasing your coverage, usually with an associated price change.
We will show you your options so you can decide which payment plan makes the best sense for you.
Our Value
At Olson Duncan, we aim to provide clients a total solution, not simply a quote or an insurance policy. With us, you get real value and a long-term relationship based on trust. We would love to get to know you and answer any questions.
To learn more about how we can help you, please call our team at