Term Life Insurance
What Is Term Life Insurance? Term insurance is a type of life insurance that provides coverage for a certain length of time or a specified term of years as required. If the insured person passes away during this time while the Term insurance quote USA is active, the insurer will pay out a death benefit to those nominated on the policy. A term insurance policy is typically less expensive than a traditional or permanent life insurance policy as it does not have a cash value but a guaranteed death benefit payable. More About Term Insurance Policies There are a number of different types of term insurance available to choose from. These are known as level premiums for the duration of the policy term. A level term policy is set over a period of years such as 10, 20, 30 years and the policy cost is derived from the term and payable on a monthly basis. Policies are underwritten by the insurance company on the ...