Readers Question: “Are premiums guaranteed to remain the same for the term of the insurance policy in Bossier City, Louisiana?”

The area of Bossier City, Louisiana dates back to the 1830s when it was the Elysian Groves Plantation of James and Mary Cane. Steamboat loads of cotton, corn, and sweet potatoes were shipped to markets in the south and east, from the plantation port known to many as “Cane’s Landing.”

Answer to Readers Question: Premiums are usually higher than for nonconvertible policies. Once converted, permanent coverage premiums will be higher than those for the term policy for the same death benefit. Premiums are paid on an after-tax basis. The plan offers term life insurance up to five times annual salary ($100,000) guaranteed issue or up to five times annual salary up to $300,000 with evidence of insurability. Premiums may be guaranteed to remain the same for the term chosen—usually 5, 10,15, 20, or 30 years. At death, the beneficiary receives the face amount of policy coverage, free of income taxes, and the proceeds can be used for paying off a mortgage, covering a child’s college tuition, or for one’s final expenses