What is Supplemental Term Life insurance?

Supplemental Term Life (STLI) insurance is a type of life insurance that provides additional coverage beyond the basic coverage provided by an existing life insurance policy. It can be purchased to increase the death benefit of an existing policy or to provide coverage for a specific purpose, such as paying off a mortgage or funding a child's education. STLI policies are typically term life insurance policies, which means they provide coverage for a specific period of time, such as 10, 20, or 30 years.

STLI policies can be an affordable way to increase your life insurance coverage and protect your loved ones from financial hardship. They are also relatively flexible, and can be customized to meet your specific needs and budget.

Here are some of the benefits of supplemental term life insurance:

* Affordable: STLI policies are typically more affordable than whole life or universal life insurance policies. This can be a good option if you are on a budget but still want to increase your life insurance coverage.

* Flexibility: STLI policies can be customized to meet your specific needs. You can choose the coverage amount, the policy term, and the type of policy (level term, decreasing term, etc.).

* No medical exam: Many STLI policies do not require a medical exam, making them a quick and easy way to get additional life insurance coverage.

If you are considering purchasing supplemental term life insurance, be sure to compare different policies from multiple companies to find the best deal.