Term life which is temporary life insurance offers several good benefits, including:
1. Easy-to-Understand
2. Affordable
3. Flexible
Term life offers you the flexibility of choosing coverage that will last for a period of 10, 15, 20, 25, 30, 35 or 40 years to meet your family's needs.
Term life is temporary coverage. If you die during the policy term, the death benefit is paid out to the beneficiary of your policy.
If you are alive when the policy expires, the coverage ends with no payout of any benefits.
Permanent life insurance usually costs 5-10 times more than there same amount of term life insurance coverage, which means with term life you can afford to buy a lot more life insurance protection.
Learn more about Why Term Insurance is Good.
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