What Is A Term Life Insurance Policy at Life

What Is A Term Life Insurance Policy. If you die after the term is over, the insurance company doesn’t pay. Anybody with financial dependents will find the benefits of buying life insurance attractive.

In case of the demise of the only income earner, a life insurance policy becomes a financial safety net that helps your loved ones pay for expenses such as a loan, childcare, education, health, and many other everyday bills. The benefits of term life insurance include the simplicity of the. 1 the premium for term insurance is initially lower than the premium for a comparable whole life insurance policy;

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If you die after the term is over, the insurance company doesn’t pay. You buy it for your family, who would be the beneficiaries of the policy if you pass away. If you die after the term is over, the insurance company doesn’t pay. Compared with permanent life insurance, term life insurance is a reasonably priced way to provide financial security for your family after you're gone.