Term life insurance policies provide you with life insurance protection for a limited period of time which is referred to as the "term" of the policy.
In order for a death benefit to be paid out on a term life insurance policy, the insured person must pass away during the term of the policy, while coverage is "In Force".
However, if the insured person outlives the duration of the term policy, there is no pay out on the policy.
Here's how you can learn more about when term life insurance is paid out.
In order for a death benefit to be paid out on a term life insurance policy, the insured person must pass away during the term of the policy, while coverage is "In Force".
However, if the insured person outlives the duration of the term policy, there is no pay out on the policy.
Here's how you can learn more about when term life insurance is paid out.
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