Explain Term Life Insurance at Life

Explain Term Life Insurance. Term life insurance offers coverage for a set period of time. Term life insurance is considered to be the most basic of life insurance that can be purchased.

With term life insurance, you pay premiums regularly for a set period. If the policyholder dies of a covered cause while coverage is. Explain the purpose and basic characteristics of life insurance.

Health Care Reform Subsidies Explained In Layman's Terms

Can be used for term or permanent life insurance. It comes in forms of 5 year term, 10 year term and all the way up to 30 and sometimes 40 year terms. However, many term plans come with guaranteed renewal feature. No benefit will be paid to the policyholder if he/she survives the policy term.