Showing Tag: "temporary life insurance" (Show all posts)

What is Temporary Life Insurance Coverage?

Posted by hadley hadley on Thursday, May 12, 2022, In : Life Insurance FAQ's 

Temporary life insurance isn't life insurance guaranteed to last your entire lifetime, but rather coverage that lasts for a specified period of tine, usually up to 30 years.

Temporary life is also known as term life insurance.

The "Term" of your policy is the duration of coverage.

Usually, term life plans offer coverage for a period of 10, 15, 20, 25 or 30 years.

The longer your Policy Term, the higher your rate per $1,000 of life insurance coverage.

Temporary life insurance usually costs 5-10 tim...


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Life Insurance for a Specific Period of Time?

Posted by hadley hadley on Tuesday, March 12, 2019, In : Life Insurance FAQ's 


Are there any life insurance plans I can purchase that will last for a specific duration?

Yes, it's called temporary life insurance, also known as term life insurance, which provides protection lasting for a specific number of years.

Most term life plans offer coverage you can choose to last for a term (duration) of 10, 15, 20 or 30 years.

The longer your policy "term", the higher your annual premiums for life insurance.

However, the length of your policy term may be shorter for seniors. For exam...


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Why is Term Life Insurance called Temporary Life Insurance Coverage?

Posted by hadley hadley on Wednesday, February 3, 2016, In : Life Insurance FAQ's 
Term life is sometimes referred to as "temporary" life insurance because your coverage lasts for a specific period of time, it is not permanent.

Just like your auto or home insurance, term life is for a specific period of time. Most term life plans offer you the option of choosing your life insurance protection for a period (term) of 10, 15, 20 or 30 years. 

With a level term life insurance policy you would pay the same premium each year (or month), while the amount of life insurance you have r...
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