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Life Insurance At A Glance

Term life insurance identifies a type of life insurance policy that may be issued for a fixed time period. This particular insurance plan expires in a set period of time, generally in ten, twenty or even 30 year allotments. Throughout the life of the term coverage, the particular payment fee does not vary. When it expires, the coverage can’t be renewed however instead a new insurance policy needs to be written at a new rate.

The particular term life insurance policy accrues no cash worth it is simply risk insurance. To compensate for this, the charges on these insurance policies are usually more affordable than those of a whole life (non-expiring life insurance plan).

April 8th, 2010

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