Showing Tag: "what is term life insurance" (Show all posts)

What is Term Life Insurance and Do You Need It?

Posted by hadley hadley on Tuesday, January 11, 2022, In : Life Insurance FAQ's 


Term life is temporary life insurance and provides coverage up to 30 years.

If the insured dies during the policy term, the death benefit is paid out to the beneficiary of the policy, subject to the terms, conditions and exclusions in the policy.

If you need life insurance protection lasting for a duration of thirty years or less, then term life insurance may be right for you.


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What is a Term Life Insurance Policy?

Posted by hadley hadley on Wednesday, October 28, 2020, In : Life Insurance FAQ's 

Term life insurance is a type of life insurance plan that provides temporary coverage lasting for a specific number of years, usually up to 30 years.

Many insurers offer term life options of 10, 15, 20, 25 or 30 years of protection.

The longer your policy term (duration), the higher your cost of coverage.

Term life insurance offers death benefit only coverage, which means there is no cash value or investment feature of the policy, only life insurance death benefits.

It's the cheapest type of life...


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What is Term Life Insurance Good For?

Posted by hadley hadley on Friday, August 7, 2020, In : Life Insurance FAQ's 

If you are considering the purchase of a term life insurance policy, you probably need protection lasting for a period of thirty years or less.

Term life is temporary protection which means it lasts for the duration of your policy "Term". A term for term life coverage may be for 10, 15, 20, 25 or 30 years, usually.

Many people buy term insurance to provide protection for their family to replace their income, pay off the mortgage loan, or other debt they leave behind.

Term life offers the lowest ...


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What is Term Life Insurance Used For?

Posted by hadley hadley on Thursday, August 1, 2019, In : Life Insurance FAQ's 


If you're shopping for a life insurance policy you may be wondering why people choose to buy term life insurance protection. It's actually very simple.

Term life is temporary coverage lasting for up to 30 years, and offers the lowest prices on life insurance.

So, if you need your life insurance protection for a period of 30 years or less, term life is the option for you.

Permanent life insurance provides lifetime protection, but costs up to 5-10 times more than the same amount of term life insu...


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What is Term Life Insurance Quotes?

Posted by hadley hadley on Wednesday, October 25, 2017, In : Life Insurance FAQ's 


What are term life insurance price quotes and how do they work?

A quote for term insurance is an estimate of the annual cost for your term life policy based on the information you provide on the quote request form when requesting your life insurance quote.


You'll be asked some basic questions to get a free quote which may include your gender, age, state of residence, tobacco use, health, amount of life insurance coverage and duration of coverage needed.

Make sure you answer all questions truthfu...
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What Is A Term Life Insurance Policy?

Posted by hadley hadley on Thursday, December 12, 2013, In : Life Insurance FAQ's 
A term life insurance policy is a form of temporary life insurance elating for a specific period of time.

Usually, a term life insurance plan provides coverage for 10, 15, 20 or 30 years. Your premium is guaranteed for the term of your policy, and level term life insurance has level amounts of life insurance coverage for the entire term of your policy.

If you die during the term, your life insurance pays out a death benefit to the person you chose as beneficiary.

If you outlive the term of your ...
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