A Brief Review of Term Life InsurancePosted by Jenny Dsouza on December 1st, 2016 Term life insurance is hailed by some financial gurus and derided by others. The truth is that it is neither the greatest thing since bread slices nor the worst since the Great Depression. Term life insurance is simply temporary protection that provides coverage for a specific period of time. This article discusses several types of term insurance plans in an aim to help readers make informed decisions as to what type of term life insurance- if any- suits their needs. Best Term Insurance is often called pure life insurance because there is no cash value or other living benefit, no money is payable if the policy is terminated or expires before the insured dies, and the death benefit will be paid only if the insured dies before the term expires. This temporary insurance coverage provides the greatest amount of coverage for the smallest amount of money. Best Term Insurance companies offer several types of term life protection. The remainder of this article will list and explore several types before concluding. Types of Term Life Insurance
This has been a brief review of the types of best term nsurance. Perhaps, this article has somewhat broadened readers’ understanding of what their options are when considering the purchase of temporary insurance coverage. Those seeking life insurance coverage should not only have some understanding of the types of coverage available; they should also acquire some knowledge of the agency and insurance company with which they ultimately deal. Source: http://articles.abilogic.com/91149/brief-review-term-life-insurance.html Like it? Share it!More by this author |