shopify analytics ecommerce
tracking

Term Life Insurance Definition

What Term Life Insurance Does

Term life insurance definition. What is term life insurance? How can one define term insurance? What can it do for you?


Compare Term Life Insurance From Quality Carriers - Save Up To 70%


Term Life Insurance Definition

  • How Term Insurance Works

    A term policy is a contract between a life insurance company and an insured, you, in which a specific sum of money will be paid upon the death of the insured in consideration of a monthly, quarterly, semi annual or yearly premium.

    The insured must die within a specific period of time, as stated in the contract, for the payment to be made.

    The applicant may opt for a 5 year term, a 10 year term, a 15 year term, a 20 year term, a 25 year term or a 30 year term policy. Some term policies may be kept up until ages 65, 80 or age 90, or 95.
  • Why Buy Term Insurance?

    Although there are many reasons to buy term insurance most people buy these policies for family protection. Raising a family cost a lot of money. People opt to buy term life policies because they are very inexpensive.

    Business people also buy term policies to fund buy sell agreements in case a partner or shareholder dies. They also use these policies for key man life insurance.

Don't Overpay For Your Life Insurance Policy - Compare Rates And Save!


Home | Life Insurance Rates | Term Life Insurance Defined

Tools And Resources

Life Insurance Need Calculator

Recent Articles

  1. Term Life Insurance - Everything You Want To Know

    Term life insurance is life insurance in it's simplest form. These policies stay in force for a specific number of years, for example, 5 years 10 years etc.

    Read More

  2. Whole Life Insurance Options - Basic And Alternative Whole Life Plans Explained

    Whole life insurance is the plan of choice for many people. There are many variations to this plan.

    Read More

  3. Universal Life - Extending The Possibilities

    Universal life insurance was designed with the express intention of combatting the venerable whole life insurance policy.

    Read More

  4. Term Insurance Quotes - Prepare Before You Get Quotes

    Are you looking for quality term insurance quotes? Have you determined how much you need? Do you know what type of term insurance is best for you?

    Read More

  5. Term Insurance Online - Buy Term Life Insurance Online

    In many cases it is a good idea to buy term insurance online. Some people know just how much life insurance they want to buy before they get online.

    Read More