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What are facts needed to define the term life insurance?

Updated: 8/20/2019
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10y ago

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Term life insurance is a type of insurance coverage offered to a group of people. This coverage will provide a benefit to the beneficiaries if the covered individual dies during the defines covered period.

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Q: What are facts needed to define the term life insurance?
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This term means that you are guaranteed accepted for this insurance as long as you are able to keep the payments. There are no health questions are tests that needed to be done as with other standard life insurance.


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Variable annuity insurance is insurance that has a variable year to year and it can change upon facts that change such as your base description of how you manage your life.


Is life insurance needed if you pay off a mortgage?

After you've paid off the mortgage, whether or not you have life insurance is between you and the family members you expect to outlive you.


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