Term life insurance is temporary life insurance protection for an individual person's life.
If the individual insured by the life insurance policy dies during the term of the life insurance, the beneficiary would receive the death benefit, which is the amount of life insurance (face amount) on the life insurance policy.
The term of the term life insurance plan is the length of time the life insurance policy provides coverage.
Terms are usually 1-30 years in length, but most term life plans provide coverage for a period of 10, 15, 20 or 30 years.
If you outlive the term of your term life plan, the life insurance coverage expires. Here's how to learn more about how term life insurance works
If the individual insured by the life insurance policy dies during the term of the life insurance, the beneficiary would receive the death benefit, which is the amount of life insurance (face amount) on the life insurance policy.
The term of the term life insurance plan is the length of time the life insurance policy provides coverage.
Terms are usually 1-30 years in length, but most term life plans provide coverage for a period of 10, 15, 20 or 30 years.
If you outlive the term of your term life plan, the life insurance coverage expires. Here's how to learn more about how term life insurance works
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