Term Life Insurance Policy Information

Life insurance coverage for a specified length of time. A term life
insurance policy is usually purchased with a particular need in mind.
Beneficiaries will collect, usually tax free, the face value of the policy
upon the insured (your) death. Term life is attractive for those with
a limited income, high short term insurance needs, or for personal
family protection.

If the insured survives the time period, the policy expires. There is
no cash value at the expiration of a term life insurance policy. Some
policies have a convertible feature permitting a policyowner to
exchange a term policy for a cash value policy without evidence of
insurability.

Level Term Life Insurance Policy Features

A constant death benefit and a level premium for a
specified number of years. We offer 10, 15, 20, and
30 year terms.

Click on the link below to fill out a quote request form for a Term Life
Insurance policy that will provide excellent life insurance coverage at
an affordable cost. Or speak with our Maine Life Insurance agent
specialist at 207-496-3661 to discuss the policy features in more
detail.

We are your local Aroostook County, Maine full-service insurance agency, offering affordable Life
Insurance policy premiums to residents of the following towns and counties: Caribou, Presque
Isle, Van Buren, Houlton, Perham, Washburn, Crouseville, Mapleton, Fort Fairfield, Ashland, New
Sweden, Portage, Limestone, Mars Hill, Bridgewater, Easton, Blaine, Guerette, Keegan, St.
Agatha, Grand Isle, Fort Kent, Madawaska, St. John, St. Francis, Dickey, Clayton Lake, Allagash,
Winterville, Knowles Corner, Smyrna Mills, Littleton, Ludlow, Millinocket, Bangor, Waterville,
Pittsfield, Augusta, Auburn, Lewiston, Bar Harbor, Ellsworth, Belfast, Bucksport, Bath, Portland,
Saco, Biddeford, Penobscot County, Piscataquis County, Somerset County, Washington County,
and Cumberland County, ME.

Life Insurance can help protect your family and is an excellent way
to accumulate money for college, retirement or unplanned
expenses. A person should have life insurance that approaches six
to eight times their annual gross income. Under current laws,
there is generally no federal income tax on death benefits paid to
a named beneficiary.

The most popular choice for those seeking to cover permanent needs, such as
contributing to a survivor's nest egg, paying off final expenses, etc. Whole life insurance
provides permanent, lifelong insurance coverage. The benefit amount remains the
same and is payable to the beneficiary(s) at the time of the insured's (your) death. It
also offers an opportunity to build cash value, so you can take a loan on your policy to
fund major purchases or to provide for unexpected costs.

Whole life insurance has a fixed premium and a level death benefit to age 100. The
premiums don't increase with age, which averages the cost of the policy over your life.
The cash value increases with time until it equals the death benefit at age 100. This type
of policy never has to be renewed or converted. The cash value is an amount of money
that you are guaranteed to receive in the event of policy cancellation.

Variations of Whole Life Insurance include:

Modified Premium - lower fixed premium for the first 3 or 5 years, and then
premiums increase. These policies work well for individuals that expect to improve their
financial condition in the near future.

Graded Premium - premium increases each year for the first 5 years, and then is
fixed.

1. premium costs may make it difficult to buy enough

2. need to carry a whole life policy for a considerable length of time to be very
beneficial

3. cash value may be less than your face value

4. cannot vary your monthly premium payment and the premium-paying period
may be lengthy

5. amount of coverage cannot be increased at a later date

1. guaranteed protection for life

2. level death benefit that is generally tax-free

3. premiums do not increase in correlation with your age

4. cash may accumulate tax-deferred

Click on the link below to fill out a quote request form for a Whole Life Insurance policy
that will provide excellent life insurance coverage at an affordable cost. Or you can
speak with our Maine Life Insurance agent specialist at 207-496-3661 to discuss the
policy features in more detail.

A flexible premium policy that combines protection against premature death with a
savings account that typically earns a money market rate of interest. A universal life
insurance policy is a combination of term life insurance protection with the cash savings
value of whole life insurance. Interest rates paid on the cash value are typically higher
than with whole life insurance because they tend to follow the markets.

Premiums for universal life insurance policies can be paid in a lump sum, annually, or
anywhere in between. Interest on the cash value is usually guaranteed, but will vary
according to the investment performance. Each month deductions are made from the
cash value fund to support the costs of the insurance protection. As long as the cash
value is substantial enough to maintain the monthly costs, the policy will remain in
force. Typically the death benefit reduces in proportion to the increase in cash value,
thus causing a level death benefit.

Click on the link below to fill out a quote request form for a Universal Life Insurance
policy that will provide excellent life insurance coverage at an affordable cost. Or speak
with our Maine Life Insurance agent specialist at 207-496-3661 to discuss the policy
features.

Kieffer Insurance

101 High Street

Caribou, Maine 04736

Aroostook County, ME

(207) 496-3661

Fax: (207) 498-6012

Office Hours: 7:30 am to
5:00 pm, Mon - Fri