Term life insurance is a type of life insurance that provides coverage for a specific period, typically 10, 20, or 30 years. It’s a relatively affordable option compared to permanent life insurance, making it a popular choice for many individuals. One of the key advantages of term life insurance is its affordability. Premiums are generally lower than those for permanent policies, allowing you to secure coverage without a significant financial burden. However, it’s important to understand that term life insurance coverage expires at the end of the policy term. If you want to maintain coverage beyond that period, you’ll need to renew the policy or purchase a new one.
Top 5 Questions to Ask Your Life Insurance Agent
Before committing to a life insurance policy, it’s essential to ask your agent clarifying questions
