Viking Magazine - February 2021 - 10

Finance
" Term life insurance is a sensible
option because you can get the most
insurance for your premium dollars, "
says Arlene Mills, a Sons of Norway
Insurance Professional. " Couples
starting out may not have the extra
money to purchase a permanent whole
life plan, so term provides security and
peace of mind for your family at a very
low cost. "
The Life Insurance Anyone Can Afford
With Sons of Norway's 10-, 15-, 20- and 30-year plans, term life
insurance gives you the most coverage for your dollars. BY TAYLOR HUGO
W
hile life insurance isn't necessarily something you think about
when you're young, it certainly should be. Whether you've
recently graduated college, gotten married or had your first child, it's
especially important to find a policy that can protect you and your loved
ones as you get started in life.
" In the earlier stages of life, that's when you're going to generally
need the most coverage, " explains Jared Gostanczik, Sons of Norway's
regional sales director. " You are starting a family or have young
children, you have a mortgage, student loans. If one of the spouses were
to pass on, you would need to replace income. "
What Gostanczik is referring to is the phase of life when you're
protecting against loss of income, and one of the best ways to do that is
with a term life insurance product.
Simplicity and Affordability
Term life insurance is exactly what it sounds like: life
insurance coverage for a specified period of time. Whether
you choose Sons of Norway's 10-, 15-, 20- or 30-year
product, you're guaranteed a low-cost, level premium
throughout the duration of the term.
10 VIKING FEBRUARY 2021
sonsofnorway.com
For a
In addition to its low cost, other
benefits of term life insurance include
a guaranteed, tax-free death benefit
and the option to customize coverage
with riders. There's no cash value
accumulation, but that's part of the
simplicity of term that's appreciated
by members who may just be getting
familiar with life insurance.
" Some people are against term
insurance and say it's important to start
off with a permanent plan because you
are paying money into a plan with no
cash value, " says Mills, " but we pay
insurance on our homes and vehicles
without any cash back. Aren't our lives
just as important to insure? "
Coverage at Any Age
While term life insurance is often
targeted toward a younger population,
anyone looking for coverage on a
limited budget may be a good candidate
for this product, whether you just
started your first job or you're getting
ready to retire.
complimentary
consultation with
your Sons of
Norway Insurance
Professional, visit
sonsofnorway.com.
The traditional term life insurance
options are issued from ages 18 to
70, but Sons of Norway also offers a
juvenile plan. Known as the Viking
Voyager, this plan is designed
for children ages 0 to 17 and
is a unique offering among
life insurance companies.
" I am not aware of any
other company that offers a
plan like this for a very low
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Viking Magazine - February 2021

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