Saturday, September 30, 2017

How Long are Term Life Insurance Policies?


Term life insurance policies are temporary life insurance plans lasting for a specific period of time.

Usually, term life offers you life insurance that will last for up to 30 years.

Many life insurers offer term life with options for a duration of 10, 15, 20 or 30 years.

If you decide after buying your policy that you need coverage for a longer duration you may request a renewal of your existing policy when it expires.

Renewable term life allows you to renew your policy for another term of up to 10 years, usually. Your renewal premium will be based on your age at time of renewal.

You can learn more by reading about How long are term life insurance policies?

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