Top Things One Should Know About Military Term Life Insurance

Military term life insurance is available to all branches of the military. You can get military term life insurance, if you are considered as active duty or retired military personnel. These policies also cover the spouse of the military member and their children. Here are things you should know about military term life insurance.

1. Military term life insurance is customizable to fit the specific needs of your family. Meaning you have the ability to choose your policy terms and coverage amounts

2. This insurance provides living benefit of up to 25 percent of your coverage amount if you suffer a terminal illness or injury. This includes illness or injuries, that occurred during active and non-active duty.

3. These policies give your beneficiary an emergency death benefit of $5,000 paid within 24 hours of the notification and verification of the death.

4. Military term life insurance also provides a suspension of premium if you are deployed to a war. You and your loved ones will still have access to benefits if needed during this time.

5. Your coverage under these policies will continue regardless of changes in your health. If you become ill, your policy is not terminated nor can you be denied benefits.

6. Policy changes and claims are filed immediately in the case that you are rapidly deployment.

7. A medical exam is required for applicants 50 years of age and above. This includes retirees. their spouses, and any other family members covered under the life insurance policy.