© Fargo Insurance Group 2017, All Rights Reserved.

Information about Life Insurance

Read below for information related to the basics of life insurance policies What is mortgage term life insurance? What is term life insurance? Term Life Insurance Term life insurance is the most straightforward form of protection. You generally pay premiums on a monthly or annual basis and your family is protected for that "term." The Fargo Insurance Group offers a variety of affordable term life insurance products to fit your needs, time frame, and budget. •Help provide for a family's loss of income •Cover short-term debts and needs •Provide additional insurance protection during the child-raising years •Provide longer term protection to help your family pay off a mortgage or to help pay for a college education Mortgage Term Life Insurance Mortgage Life 15 or 30 is designed to provide funds for the repayment of a residential mortgage in the event of premature death. Coverage is available for 15- or 30-year periods. After the first five years, the death benefit, which is meant to behave similar to your mortgage,  decreases over the life of the policy. It is sometimes called a "decreasing term" policy. You choose the amount of coverage based on your mortgage balance. The policy is convertible to a permanent policy regardless of health, subject to age limits. Whole Life Insurance Whole life insurance helps your family prepare for the unexpected. The death benefit can help replace a family's loss of income, help with mortgage costs, or educational needs — or to leave a legacy for the next generation. Over time, whole life policies build cash value that grows tax-deferred, and can be accessed during your lifetime. The Fargo Group whole life insurance policies offer level premiums and life insurance protection for as long as you live, provided that premiums are paid as required to keep the policy in force. We offer Whole Life policies that can be paid with a single premium, premiums payable to 100, or premiums payable up to a limited number of years. Policy loans do accrue interest, and any outstanding policy loans and interest will reduce the death benefit and cash value.
© Fargo Insurance Group 2017, All Rights Reserved.

Information about Life Insurance

Read below for information related to the basics of life insurance policies What is mortgage term life insurance? What is term life insurance? Term Life Insurance Term life insurance is the most straightforward form of protection. You generally pay premiums on a monthly or annual basis and your family is protected for that "term." The Fargo Insurance Group offers a variety of affordable term life insurance products to fit your needs, time frame, and budget. •Help provide for a family's loss of income •Cover short-term debts and needs •Provide additional insurance protection during the child-raising years •Provide longer term protection to help your family pay off a mortgage or to help pay for a college education Mortgage Term Life Insurance Mortgage Life 15 or 30 is designed to provide funds for the repayment of a residential mortgage in the event of premature death. Coverage is available for 15- or 30-year periods. After the first five years, the death benefit, which is meant to behave similar to your mortgage,  decreases over the life of the policy. It is sometimes called a "decreasing term" policy. You choose the amount of coverage based on your mortgage balance. The policy is convertible to a permanent policy regardless of health, subject to age limits. Whole Life Insurance Whole life insurance helps your family prepare for the unexpected. The death benefit can help replace a family's loss of income, help with mortgage costs, or educational needs — or to leave a legacy for the next generation. Over time, whole life policies build cash value that grows tax-deferred, and can be accessed during your lifetime. The Fargo Group whole life insurance policies offer level premiums and life insurance protection for as long as you live, provided that premiums are paid as required to keep the policy in force. We offer Whole Life policies that can be paid with a single premium, premiums payable to 100, or premiums payable up to a limited number of years. Policy loans do accrue interest, and any outstanding policy loans and interest will reduce the death benefit and cash value.