What is Term Insurance?
Term Insurance can be the most affordable life insurance when initially purchased. It is designed to meet temporary needs. This temporary need is for a specific period of time (i.e. the “term”). Under the vast majority of circumstances it will only pay a benefit if you die during the term of the policy.
Many people use this type of policy for a specific need that they have for a period of time. For instance, you may determine that you need a specific amount of insurance only until your children have graduated from college, or a specific debt is paid off (typically a mortgage).
Talk with your Life Insurance Solution Specialist to determine when a Term Life Insurance policy may be in your best interest.
what is a life insurance solutions specialist?