What would you like to do?

What do you mean by the term life insurance?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

What do you mean by the term life insurance?
Term life insurance is a form of temporary life insurance that provides coverage for a specific number of years. Term life insurance is available for 1-40 years, depending on your health and age. Term life insurance is usually purchased for 1, 15, 20 or 30 years. Term life insurance builds no cash value within the policy. Term life insurance is "Pure Protection". You pay only for the life insurance. If you outlive your policy term, the coverage expires. Level term life insurance is the most common form of term life insurance. Level term offers premiums and coverage amount that remain the same each year for the entire term of your policy.
4 people found this useful
Thanks for the feedback!
Follow

Did you get to keep any of the props or costumes from The Princess Bride? Any memorabilia?

View Full Interview

What 's a term life insurance?

Term life insurance is a type of life insurance that covers an insured for a specified period of time. The best example of this is flight insurance - a term policy that covers

What are the characteristics of term life insurance?

The charateristics of term life insurance include temporary  coverage, no cash value, and the policy expires if you outlive the  term. Term life insurance is temporary life
What is basic term life insurance?

What is basic term life insurance?

Term life insurance is what people call "pure insurance." You pay a premium for a specific period of time, usually 10 to 30 years, and the company will pay a death benefit to
Can you cash in term life insurance?

Can you cash in term life insurance?

No you canNOT cash in term life insurance. It has no additional value beyond the death benefit.

What is decreasing term life insurance?

Decreasing term life insurance is a variety of term insurance in which the death benefit decreases on a scheduled basis. One of the features of term insurance is that, at le

Who buys term life insurance?

Many different types of people buy term life insurance for temporary life insurance needs, such as, Individuals Couples Married Couples Young Families Homeowners N
How do you sell term life insurance?

How do you sell term life insurance?

This can be answered in many different ways, but I will try to wrap it up into one post. Term LI appeals to people who may be on a budget, who have younger children, a new mor

Can you cash out term life insurance?

If you have a permanent type of policy such as whole life or universal life there may be some cash value to recover.If it is a term insurance policy there is no cash value so

What are term life insurance rates?

Term life insurance rate varies by the company you are getting life insurance from. Some insurance rates will vary from pretty cheap to pretty expensive. It is important to de

What is group term life insurance?

Group term life insurance is a form of life insurance protection provided by an employer for its employees. A group term life policy is usually issued for a period of one year

What does reentry mean regarding term life insurance?

Re-entry in regards to term life insurance is the process of re-qualifying for favorable underwriting rates after a specified period of time. For example, if one purchases a 1
What is term and whole life insurance?

What is term and whole life insurance?

Term insurance is written for a specific period of time or until an age certain (the term). It may be for 1 year, 5 years, 10 years or it may be until age 60, 65, 70, etc. At

Can term life insurance be converted?

The importance of having a life insurance cover is being felt  across the society. With uncertainties rising by the day and every  family's need for financial stability, the

What is term life insurance used for?

Term life insurance is generally used to cover short-term debts, provide additional protection during child raising, help provide the family's loss of income, and provide long

What is the premium term life insurance?

Term life insurance is an insurance one would buy if they are looking to insure themselves for a specific term such as 20 years. This is a relatively low cost and basic insura