Term insurance is life insurance that provides you with protection for a specific number of years.
Also known as temporary life insurance, term life offers you the option of selecting a policy duration up to 30 years, depending on your current age.
Usually, you may have the option of choosing coverage for a term of 10, 15, 20, 25 or 30 years of protection.
The shorter your policy term, the lower your annual cost of life insurance.
If you outlive the duration of your policy, the coverage ends and there is no payout of any benefits.
Term insurance offers the most affordable life insurance for 30 years or less.
Also known as temporary life insurance, term life offers you the option of selecting a policy duration up to 30 years, depending on your current age.
Usually, you may have the option of choosing coverage for a term of 10, 15, 20, 25 or 30 years of protection.
The shorter your policy term, the lower your annual cost of life insurance.
If you outlive the duration of your policy, the coverage ends and there is no payout of any benefits.
Term insurance offers the most affordable life insurance for 30 years or less.
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