What is term insurance?

Upkaar117

Family term insurance is a type of life insurance that provides coverage for a specific period of time, usually 10, 20, or 30 years. The death benefit is paid to the named beneficiaries if the insured person dies during the term of the policy. This type of insurance is typically less expensive than whole life insurance, and it can be a good option for people who need life insurance but don't want to commit to a policy for their entire life.

Rohan864

Family term insurance is a life insurance policy that covers an entire family. It is usually cheaper than individual life insurance policies, and it can be used to cover expenses such as mortgage payments, funeral costs, and college tuition.

Rathi_kumari

Term insurance is a type of life insurance that helps financially protect your family in the event of your death. The death benefit can be used to help pay for things like your mortgage, your child's education, or any other financial obligations. Term insurance is generally more affordable than other types of life insurance, and it can be a good option if you're looking for coverage for a specific period of time.

crazyduck875

Term life insurance is a life insurance policy that provides coverage at a fixed rate of payments for a limited period of time, typically 10, 20, or 30 years. After the end of the term, policies may offer continued coverage, usually at a substantially higher premium payment rate. Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per dollar of premium basis over a specific period of time.

Brijesh884

Family term insurance is a life insurance policy that provides coverage for an individual's entire family. The death benefit from the policy is paid out to the beneficiary designated by the policyholder, and the policy remains in force for the duration of the term. Family term insurance is an affordable way to provide peace of mind for your loved ones in the event of your death.