Money Related Articles

Insurance Most Popular Articles

  • Military Health Care for Dummies
    One of the most important benefits you have earned as a military family is comprehensive health care coverage.
  • life insurance and money
    Life Insurance 101: Understanding SGLI
    Mike McHugh
    Life insurance is not a pleasant topic -- but it is an absolute necessity and most families don't have enough.
  • Auto engine repair on creeper.
    10 Things You Need to Know About Auto Insurance|
    Troops have special insurance needs, from storing vehicles while deployed to moving vehicles from one state to another on orders.
  • An ariman fills out an SGLI form (Photo: AFNS.)
    SGLI Coverage: What You Need to Know
    SGLI coverage, or Servicemembers' Group Life Insurance, gives troops term life insurance coverage up to $400,000 with a low pre...
  • Business writing
    SGLI for Reservists|
    Reservists may be covered full or part-time by SGLI. Make sure you know when SGLI starts, when it stops and how much it costs y...

Get Kids Started With Life Insurance

For children and grandchildren ages 18 - 23, Level Term I  is a very low-cost way to get them started with life insurance. Level Term I  is a great low-cost term life insurance policy designed to remain constant in premium and coverage amount until age 50 (40 for nicotine users).  
Premiums begin at $2.95 per month for a $50,000 policy and go up to $35 per month for an $800,000 policy.  Level Term I also includes an option to convert the policy before age 48 (38 for nicotine users) to a Five Year Renewable Term policy with no medical underwriting.  
The policy can also be converted to Value-Added Whole Life (permanent insurance) at any time without medical underwriting.  New premiums would be established at the time of conversion. At age 50 (40 for nicotine users), the Level Term I premium remains constant but the coverage amount reduces to 27 percent of the original face amount.  At age 55 (45 for nicotine users), the coverage reduces to 20 percent  of the original face amount and at age 60 (50 for nicotine users), the coverage terminates.

Military News App by

Download the new News App for Android on Google Play or for Apple devices on iTunes!

Featured VA Loan Articles