Get Affordable Life Insurance!

Male Female

Get Affordable

Life Insurance!

Male Female

What Is Term Life Insurance?

Term life insurance, also called term assurance, provides basic coverage against death for a fixed rate for a specified period of time. You can buy term life insurance for periods ranging from one year to thirty years. Unlike whole life or permanent life insurance, coverage ends at the end of the specified term. If continued coverage is desired, another policy must be obtained with new conditions and rates.

Term life insurance is inexpensive because it offers more limited coverage than most other types of insurance. It can be very useful for providing financial security. Many people purchase term life insurance as a hedged bet to cover a mortgage or business loan so that their families are not in financial trouble should something happen to them. Term insurance is like most other types of insurance in that it satisfies claims against what is insured if the premiums are up to date and the contract has not expired.

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