Term Life Insurance
When most people think of life insurance, they think of term life insurance. Term life insurance is the simplest form of insurance in that it provides a stated death benefit over a pre-determined period of time or term. Typically coverage ranges from one to thirty years.
Term life insurance does not have any cash value and the only "benefit" is when you die.
Some insurance companies allow you to convert to a permanent type of policy at the end of the term, but be careful to review the terms and conditions of the contract prior to obtaining this type of coverage.
When most people think of life insurance, they think of term life insurance. Term life insurance is the simplest form of insurance in that it provides a stated death benefit over a pre-determined period of time or term. Typically coverage ranges from one to thirty years.
Term life insurance does not have any cash value and the only "benefit" is when you die.
Some insurance companies allow you to convert to a permanent type of policy at the end of the term, but be careful to review the terms and conditions of the contract prior to obtaining this type of coverage.
