shopify analytics ecommerce
tracking

Term Life Insurance Definition

What Does Term Life Insurance Do?

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. It is therefore required that the applicant answer a few health and occupation questions before a policy is issued, the answers are verified.

    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

Copyright © 2004 - 2019 LifeInsuranceHub.Net. All Rights Reserved.

Protect Your Family With Up To $1,000,000 No Exam Term Life Insurance

Tools And Resources

Life Insurance Need Calculator

Recent Articles

  1. Affordable Life Insurance - Term And Permanent Life Insurance

    The amount of spendable income an individual has helps determine what is affordable life insurance.

    Read More

  2. Personal Life Insurance - Present And Future Needs

    You have been hounded by life insurance agents from your senior years in college. You just didn't see the need to buy personal life insurance.

    Read More

  3. Term Life Insurance With No Medical - Non Medical Term Insurance

    Some people don't understand how you can buy term life insurance with no medical required. They are under this illusion that in order to issue such policies the premiums have to be higher than the nor

    Read More

  4. Term Life Insurance No Exam - Term Insurance No Medical Exam

    Term life insurance no exam necessary. These days, it appears that, everyone wants to buy term life insurance.

    Read More

  5. Best Term Life Insurance - Best Term Insurance Coverage

    Finding the best term life insurance policy can be a very tedious exercise. What really is the best? It is important to make a decision as to why this life insurance is needed in the first place. We t…

    Read More