Term life insurance
Term life insurance is a type of life insurance policy that provides coverage for a specific period or “term,” such as 10, 20, or 30 years. If the insured person passes away during this term, the policy pays a death benefit to the beneficiaries. It is generally more affordable than permanent life insurance and is designed to offer financial protection for temporary needs, like paying off a mortgage or covering children’s education. If the term expires and the insured is still alive, the coverage ends unless the policy is renewed.
Term life insurance
Term life insurance is a type of life insurance policy that provides coverage for a specific period or “term,” such as 10, 20, or 30 years. If the insured person passes away during this term, the policy pays a death benefit to the beneficiaries. It is generally more affordable than permanent life insurance and is designed to offer financial protection for temporary needs, like paying off a mortgage or covering children’s education. If the term expires and the insured is still alive, the coverage ends unless the policy is renewed.
