What is term life insurance?

Term life insurance is a type of life insurance that provides coverage for a specific period of time, usually 10-30 years. If the insured person dies during the term of the policy, the beneficiaries receive a death benefit.

How much coverage do I need?

The amount of coverage you need depends on your individual circumstances, such as your income, debt, and number of dependents. A general rule of thumb is to have coverage that is 10-12 times your annual income.

Can I renew my term life insurance policy?

Some term life insurance policies are renewable, which means that you can extend the coverage for an additional term without having to undergo a medical exam. However, the premium may increase with each renewal.

Can I convert my term life insurance policy to a permanent policy?

Some term life insurance policies are convertible, which means that you can convert the policy to a permanent policy, such as whole life insurance, without having to undergo a medical exam. However, the premium for the permanent policy will likely be higher.

What happens if I outlive my term life insurance policy?

If you outlive your term life insurance policy, the coverage ends and you do not receive a payout. However, some policies have a return of premium feature, which means that you can receive a refund of the premiums you paid if you outlive the policy.

Term Life Insurance

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Reasons To Choose Term Life Insurance (2023)

Term life insurance is the most popular type of life insurance that people choose when buying a life insurance policy. If you still need a bit more convincing as to benefits from term life insurance, take a look at the below list of reasons to choose a term life insurance policy.

Term life insurance is the most popular type of life insuran...

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Types of Term Life Insurance: A Complete Guide (2023)

One of the first decisions you should make when choosing a life insurance policy is the decision of what type you want to get; whole life or term life? A term life insurance policy can be exactly what some people are looking for. There are several types of these policies available, so you should consider the facts about each type before you choose term life over whole life insurance.

One of the first decisions you should make when choosing a l...

Term Life Insurance

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Reasons To Choose Term Life Insurance (2023)

Types of Term Life Insurance: A Complete Guide (2023)

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