Whether it is bought to cover personal or business needs, Term Life is the most economical kind of insurance you can buy.

In the case of personal protection, this coverage is ideal for seeing your family's goals through in the event of your premature death. The proceeds from the policy can be used to cover the costs of your mortgage, taxes, children's university expenses or to create a temporary or permanent income for your family.

For your business needs, CBIA Term Life can be an inexpensive means of funding a partnership agreement. Money can be passed on to the deceased partner's survivors tax free. Business loans can be secured by assigning your coverage to your lenders.

Benefits available include face amounts up to $5,000,000, waiver of premium, conversion privilege and guaranteed convertibility.

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