Term life insurance is the easiest type of life insurance to understand. To put it simply, the insured person pays a minimal premium per thousand dollars of coverage on an annual, semi annual, quarterly or monthly basis. If he or she dies within the term of the policy, the life insurance company will pay the beneficiary the face value of the policy.
What is Term Life Insurance?
Term life insurance is basically a no frills type of life insurance. It is
a life insurance for a specified duration limit, or time. You buy a specific
amount of coverage for a specific time period by signing a contract.
Whole Life Insurance Or Term Life Insurance: Which Is Right For You?
Knowing what kind of life insurance to get can be scary and threatening to the average person. Understanding the basic kinds of insurance products available out there can reduce some of that anxiety. How can you tell whether you should go with term life insurance or whole life insurance?
Term life insurance generally has the lower monthly premiums of the two. You can get higher coverage for a lower monthly payment. This kind of insurance is valid only for a certain period …
Why Families Shouldn’t be Without Term Life Insurance
If you have a family and have ever wondered about whether you should get some life insurance but always put it in the too hard basket then this easy to follow introduction to the life insurance world is for you.
Term life insurance: Money-saving tips (they do exist)!
Term life insurance is the most affordable way to protect your familys future. As inexpensive as term life insurance is, there are money-saving tips that will ensure you are paying only what you need. Get the most value for your dollar by checking out the following helpful tips that will save you money while still getting great protection.
The Life Insurance Policy and What You Need to Know Before You Buy
Looking for a life insurance policy? Then read this before you make a huge mistake you’ll later regret. Don’t buy something that won’t pay off when it’s needed the most. You may never get a second chance to make the right decision.
Term Insurance vs. Whole life or Permanent Insurance – A Car Analogy
Comparing Term Life Insurance to Permanent Life Insurance Policies. Gives an example to help understand the different types of insurance.
Term Life Insurance – Most Times It’s All You Need
Term life insurance is a temporary life insurance covering specific period of time. In this type of policy the insured or the owner pays a premium for a period. The insurance company provides monetary benefit to the beneficiary in case of death of the insured during that period. It is the cheapest type of life insurance available to the general public. Usually the benefit received on death of the insured is income tax free.
There are four parties in term life insurance. Th…
Term Life Insurance Explained
With so many types of life insurance, choosing the right plan can be confusing. This article and link at the bottom of the page will get you started on choosing the plan for you and your family.
How To Buy Term Life Insurance
Life is uncertain. Death, illnesses and accidents can strike anybody at any time without warning. To handle these unforeseen situations, it has become mandatory for one and all to purchase a life insurance policy. Whole life insurance is very expensive and very few can afford it. But for people who would like to insure themselves at a nominal cost, opting for a term insurance policy is the solution.
If you are interested in buying a term life insurance policy, here are som…
Is Life Insurance Comparison Really Necessary?
A proper life insurance comparison is essential.
Life Insurance – Who Needs It
Main aspects surrounding the need for life insurance