Do you need short term life insurance? Sometimes people need life insurance
coverage for unusually short periods of time.
Life insurance carriers are aware of this and have created policies that would fit these needs.
I refer especially to the yearly renewable term policy, the 5 year term life policy and the 10 year term life policy.
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Death proceeds from 10 year life insurance can be in lump sum form or incomr form
The 5 year term life insurance policy has been around in insurance circles for a very long time. It can be sold as a policy or as a rider to a permanent life insurance policy.
The 20 year term insurance policy is one of the most sought after life insurance policies.
Take a look at 20 pay life insurance. Most people know that you buy whole life insurance if you want to be covered for the rest of your life even if you live to age 100.