Term insurance is a type of life insurance that provides you with temporary coverage lasting for a specific period of time, usually up to 30 years.
If you die during your policy term, the death benefit is paid to your beneficiary.
If you are alive when the policy term ends, your life insurance coverage expires and you are no longer insured - there is no payout of any benefits.
Level Term Life Insurance usually offers the most affordable life insurance coverage lasting for thirty years or less.
No comments:
Post a Comment