What is the definition of term life insurance?

Term life insurance is temporary life insurance that provides coverage lasting for a specified number of years.

Usually, term life offers life insurance for up to thirty years.

However, you may be able to choose a Policy Term (duration of coverage) lasting for a period of 10, 15, 20, 25 or 30 years, depending on your age, health, and insurance needs.

If the insured dies during the policy term, the death benefit is paid out to the beneficiary of the p...

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What is the definition of long term life insurance?

Long term life insurance is life insurance lasting for a long period of time. 

There is permanent life insurance that lasts for your entire lifetime.

In addiiton, there is term life insurance that lasts for a long period of time, including 20, 25 or 30 years.

With long term term life insurance policies you select coverage for a "term" that meets your needs and if you pass away during the period of your life insurance term, your policy death bene...
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