What is a term life insurance policy? It's a type of life insurance plan that provides coverage for a set period of time.
Term life is temporary, usually for a period up to age 65 or 70. Term life usually provides level premiums for a period of 10, 15, 20 or 30 years. Term life is the lowest priced life insurance compared to permanent life insurance which provides lifetime coverage.Term life offers the most life insurance at the lowest cost. You have the flexibility of choosing coverage for 10, 15, 20 or 30 years to meet your life insurance needs. If you outlive your term, your life insurance ends. If you pass away during the term, your beneficiary receives the death benefit. Level term life insurance is the most popular type of term policy. It provides level premiums each year, and a coverage amount the remains the same throughout the term of your policy. Learn more about how term life insurance works and compare term life insurance rates online today.
