Testimonials
With the process of insurance being confusing enough already, and the many many options available everywhere I looked, I didn’t know what to do. Thank you so much for helping me choose the right kind of insurance for me and my family.
– Abigail J, Birmingham

Term Life Insurance

Term life insurance is one of the most basic kinds of insurance, wherein the insurance benefits are offered only for a specific period. Because of its time specificity, it is called ‘Temporary Insurance’. Once the predetermined period gets over, the coverage expires and is no longer valid. Should the insured die within that period, death benefits are still valid.

Term life insurance remains largely the most popular kind of insurance, in competition to the whole life policy, etc. The most common and possible usage of a Low Cost Term Life Insurance is for covering financial responsibilities, as the policy is less expensive in comparison to the other kind of policies.

There are different kinds of term life insurance, like Renewable Term Insurance that enables you to renew the term at the end of every year; Level Premium Term Insurance, which ensures that the premium paid is constant throughout the term; Convertible Term Insurance, which gives you the option of changing the kind of policy you own, among many more.

What happens at the end of the term essentially is, that depending on the type of policy you own, either you can renew the insurance or you can take out a new insurance policy without the formalities of a new one.

The advantages of a Term Life Insurance far outweigh the disadvantages. For example, it covers and provides the death benefit for the beneficiary, covers the insured for the full amount if chosen and extremely useful for temporary insurance needs. The disadvantage is that it is not a permanent insurance cover.