Term Life Insurance - FAQs

🔹 Term life insurance provides financial protection for a set period, usually 10, 20, or 30 years. If the insured passes away during this term, the beneficiaries receive a tax-free death benefit.
🔹 If the policyholder outlives the term, coverage expires with no payout (unless convertible or renewable options are in place).

👉 Doyle Assurance Group offers customizable term life policies to fit your financial needs.

🔹 Term Life Insurance – Covers you for a specific term (10-30 years) and only pays if the insured passes away during that time. It’s more affordable but does not build cash value.
🔹 Whole Life Insurance – Provides lifetime coverage and includes a cash value component that grows over time, making it more expensive than term life.

👉 Not sure which option is right for you? Mark Doyle can help you compare plans and find the best fit.

🔹 If you’re looking for affordable life insurance to cover financial obligations like a mortgage, raising children, or income replacement, term life insurance is a great choice.
🔹 Ideal for parents, homeowners, newlyweds, and business owners looking to protect their loved ones from financial hardship.

👉 Get expert advice from Doyle Assurance Group and find the right term policy today.

🔹 If your policy expires, you may have renewal options, but premiums typically increase based on your age and health status.
🔹 Many insurers offer a conversion option that lets you switch to permanent coverage without a medical exam.

👉 Mark Doyle can help you explore renewal and conversion options to keep your coverage in place.

🔹 A common rule of thumb is to get coverage that’s 10-15 times your annual income.
🔹 Consider debts, mortgage, education costs, and future financial needs when choosing your coverage amount.

👉 Need help determining your coverage? Get a personalized recommendation from Doyle Assurance Group today.

🔹 Waiver of Premium Rider – Waives premiums if you become disabled and unable to work.
🔹 Accelerated Death Benefit Rider – Allows early access to funds if diagnosed with a terminal illness.
🔹 Child Term Rider – Adds coverage for children under your policy.

👉 Ask Mark Doyle about adding the right riders to your policy for extra protection.

🔹 Many term life policies offer a conversion feature, allowing you to switch to whole or universal life insurance without a medical exam.
🔹 This can be beneficial if you outlive your term policy but still want lifetime protection.

👉 Explore your conversion options with Doyle Assurance Group.

🔹 The application process includes filling out an online or paper application, answering health-related questions, and possibly taking a medical exam (depending on the policy).
🔹 Approval time varies but can be as fast as 24-48 hours for no-exam term life policies.

👉 Mark Doyle and the team at Doyle Assurance Group make the process simple—get started today!

🔹 Age, health, lifestyle, and coverage amount are the biggest factors affecting your premiums.
🔹 Non-smokers and individuals in good health typically qualify for lower rates.

👉 Compare term life quotes with Doyle Assurance Group to find the best rates.

🔹 Most policies have a grace period (typically 30 days) to make up a missed payment before coverage lapses.
🔹 If coverage lapses, you may need to reapply, potentially at higher premiums or with new medical underwriting.

👉 If you’re concerned about missing payments, Mark Doyle can help you find a flexible policy that works for you.