Term Life Insurance

Term Life Insurance is a type of life insurance policy that provides coverage for a certain period. If an insured passes away during that period, a death benefit is paid to the beneficiary. Term insurance is less expensive because it’s not designed to last your whole life.

The premium is calculated based on the insured’s age, health, and risk assessment. You can always extend or renew a term policy, or in some cases, convert it to a permanent policy.

The Term advantage:

• The premium is low
• It provides financial security
• It’s flexible
• The payout is tax-free
• It’s great for young people or young families