What does term life insurance mean and how does term life insurance work?
Term life insurance coverage is one of the two main types of life insurance.
Term life insurance provides you with life insurance protection for a set number of years. If you pass away during the term of your term life policy, your beneficiary would receive the proceeds from your life insurance policy.
Term life insurance is pure life insurance protection because it has a death benefit, but no investment feature.
Also, since term life insurance is temporary, it is the lowest cost life insurance available. Here's an article defining term life insurance and how it can help to protect your family with life insurance at affordable rates.
Term life insurance coverage is one of the two main types of life insurance.
Term life insurance provides you with life insurance protection for a set number of years. If you pass away during the term of your term life policy, your beneficiary would receive the proceeds from your life insurance policy.
Term life insurance is pure life insurance protection because it has a death benefit, but no investment feature.
Also, since term life insurance is temporary, it is the lowest cost life insurance available. Here's an article defining term life insurance and how it can help to protect your family with life insurance at affordable rates.
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