Term Life Insurance

Term life insurance is a type of life insurance policy that provides coverage for a specific period of time, typically 10, 20, or 30 years. The policyholder pays a premium during the term, and if they pass away during that time, the beneficiary receives a death benefit.

* Fixed Coverage Period: The coverage expires at the end of the term, unless the policyholder renews it.

* Fixed Premium: The premiums remain the same throughout the term, making it easy to budget for.

* Death Benefit: If the policyholder dies during the term, the beneficiary receives a lump sum payment.

* No Cash Value: Term life insurance policies do not accumulate cash value like whole life or universal life policies.

* Affordable: Term life insurance is generally more affordable than other types of life insurance, making it a good option for those on a budget.

* Simplicity: The policies are straightforward and easy to understand.

* Flexibility: Term lengths can be tailored to meet different needs.