Term life insurance is a type of life insurance policy that provides coverage for a specified period of time, typically ranging from 10 to 30 years. Unlike permanent life insurance policies, such as whole life or universal life insurance, term life insurance offers coverage for a fixed term and does not accumulate cash value over time. This means that the policy only pays out a death benefit if the insured individual passes away during the term of the policy.
— What is Term Life Insurance
With its affordability, flexibility, and ability to provide temporary coverage for specific needs, term life insurance offers valuable protection and peace of mind. By complementing your employer-sponsored coverage and tailoring your policy to meet your family's unique circumstances, you can ensure that your loved ones will be financially secure in the face of an unexpected tragedy. Take the necessary steps today to secure term life insurance and invest in the future well-being of your family.
- It covers your financial commitments.
- It allows your family to maintain their standard of living.
- It allows you to leave a legacy.
- It ensures business continuity.
- It completes life insurance coverage offered through your employer.