Term Life Insurance Policy Features

What are the features of a term life insurance policy?

There are several common features of term life insurance policies, including the duration of your policy, and the options of convertibility and renewability.

The most common features of term life insurance include:

1. Term of Policy - the length of time you have life insurance coverage.
2. Term Options - Choose term life coverage for a period of 10, 15, 20 or 30 years with most term plans.
3. Level Premiums - Level term life insurance has premiums that stay the same each year for the entire duration of your term life policy.

Here are some more common features of term life insurance