SagaramFinServ

Term Life Insurance

Term Life Insurance

Term life insurance provides coverage for a specific period, such as 10 -30 years, or 35 Years offering
financial protection during the policy term. Its benefits include:

Term life insurance provides coverage for a specific period, such as 10 -30 years, or 35 Years offering
financial protection during the policy term. Its benefits include:

  • Affordability: Term life insurance typically offers lower premiums compared to whole life or universal life insurance, making it more accessible for individuals and families on a budget.
  •  Simplicity: Term life insurance policies are straightforward and easy to understand. They offer a
    death benefit with no investment component or cash value accumulation, simplifying the
    decision-making process.
  • Flexibility: You can choose the duration of coverage that best fits your needs, whether you want
    coverage until your children are grown, your mortgage is paid off, or until retirement.
  • Financial Security: It provides a tax-free lump sum payment (death benefit) to your beneficiaries
    if you pass away during the term, helping them cover expenses such as mortgage payments,
    debts, education costs, and daily living expenses.
  • Peace of Mind: Term life insurance provides peace of mind knowing that your loved ones will be
    financially protected if something happens to you during the covered period.
  • Convertible Options: Some term life policies offer the option to convert to a permanent life
    insurance policy without a medical exam, allowing you to extend coverage beyond the initial
    term if your needs change.
  • Accelerated Death Benefits: Accelerated Benefits on life insurance provide policyholders with
    early access to a portion of the death benefit in cases of terminal illness or critical conditions,
    offering financial relief during difficult times.

Term life insurance is straightforward and serves as a crucial tool in ensuring financial stability and
protection for your family during critical periods of life.

Term Life Insurance for Non-US Citizens

At Sagaram Financial Services, we specialize in providing insurance solutions for temporary green card holders or Non-US Citizens residing in the U.S. full-time (10 or more months per year) on approved valid visas.

Non-US Citizens are individuals who live full-time in the U.S. on a temporary green card (valid for less than 10 years) or an accepted valid visa, including but not limited to: E1, E2, E3, EB5, H1B, H1C, H4, K1, K2, K3, K4, L1, L2, O1, O3, P1, P2, P3, P4, TN, TD, V1/V2. We ensure coverage based on the individual’s country of citizenship and proof of their stay in the United States.

Experience the difference with Sagaram Financial Services.

Contact us today to explore how we can partner with you to safeguard and enhance your financial future. Let us help you build a tomorrow that you and your loved ones can depend on with certainty and peace of mind.

“Providing Services in English, Telugu, & Hindi”.

Confidently Secure Your Future With Our 6-Step Enrollment Process

Initial Consultation

Discuss your financial goals and concerns with the agent to identify your needs.

step 1

Needs Assessment

The agent evaluates your financial situation to determine the appropriate coverage or annuity amount.

step 2

Product Recommendation

The agent presents tailored insurance or annuity options that fit your needs.

step 3

Application Submission

Fill out the application with the agent, including personal and health information.

step 4

Underwriting Process

The insurance company reviews your application and evaluates your risk.

step 5

Policy Issuance & Enrollment

Once approved, your policy is issued, and coverage begins with your first payment.

step 6

Frequently Asked Questions About Insurance

Find answers to common queries and gain valuable insights into insurance
decision-making.

Term life insurance is suitable for individuals who want affordable coverage for a specific period, such as young families, homeowners with mortgages, and parents planning for their children’s education.

The amount of coverage you need depends on factors such as your income, debts, family expenses, and future financial goals. A common guideline is to choose a coverage amount that is 10-15 times your annual income.

Consider your financial obligations and goals, such as paying off a mortgage or funding your children’s education. Choose a term length that aligns with these milestones and provides adequate coverage during those years

If you outlive the term of your policy, coverage ends and no benefits are paid out. Some policies may offer the option to renew or convert to a permanent life insurance policy, though premiums may increase.

Depending on the insurance company and coverage amount, you may be required to undergo a medical exam to qualify for term life insurance. Some policies offer simplified underwriting or no-exam options for smaller coverage amounts.

Non-US Citizens are individuals living in the U.S. full-time (10 or more months per year) on a temporary green card or an accepted valid visa, such as E1, E2, E3, EB5, H1B, H1C, H4, K1, K2, K3, K4, L1, L2, O1, O3, P1, P2, P3, P4, TN, TD, V1/V2.

Premiums are based on the factors such as age, health, coverage amount, and the specific insurance product selected.

Non-US Citizens can start by contacting our team to discuss their insurance needs and eligibility requirements. We provide guidance throughout the application process to ensure a smooth experience.

Yes, we strive to provide multilingual customer support to assist Non-US Citizens with their insurance inquiries and needs. We speak English, Telugu, and Hindi.

Yes, term life insurance policies typically allow you to cancel at any time. However, if you cancel before the end of the term, you may not receive a refund of premiums paid.

Get in

Get In Touch Reach out to us today and let’s start discussing how we can secure your future together.

“Providing Services in English, Telugu, & Hindi”.

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