What is Term Life Insurance Used For?

If you need life insurance you may be wondering why people choose term life insurance protection.

Term insurance is a form of temporary life insurance lasting for a period of up to 30 years, and it offers the lowest pricing available on life insurance plans.

So, if you need your life insurance protection for a period of 30 years or less, term life is the option for you.

Permanent life insurance provides lifetime protection, but costs up to 5-10 times more than the same amount of term life insurance.

And, with term life, you have the flexibility to choose coverage for a term of 10, 15, 20, 25 or 30 years, to meet your specific needs.

Learn more about what a term life insurance policy is used for.