Friday, November 20, 2015

What is 25 year Term Life Insurance?


How does a 25 year term life policy work?

It provides you with temporary life insurance protection for a period of 25 years.

With level term coverage you pay the same amount of money each year for your life insurance, for a period of 25 years. The amount of life insurance provided by your policy stays level throughout the entire 25 years.

If you pass away during the 25 year term, your beneficiary receives the death benefit.

If you outlive the 25 years, you may renew your life insurance for another term (usually 10 years), or let the life insurance coverage expire.

Many people choose to purchase a 25 year term life policy to provide affordable protection for debts or financial responsibilities lasting for a period of up to 25 years; such as, a mortgage, or until your children are grown.

Learn more about 25 year term life insurance.

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