Is There Term Insurance For Life?
Actually, term insurance is a type of life insurance policy that provides protection for a temporary period of time.
Usually, term life policies offer coverage up to a maximum duration of 30 years.
However, depending on your current age and current health, you may be able to select a "Policy Term" that provides protection for a period of 10, 15, 20, 25, 30, 35 or 40 years.
Renewable Term Insurance
If you need life insurance that continues after the end of your term life plan, you may choose to "Renew" your term policy for an additional term, usually up to 10 years.
If you choose to renew your coverage, the new term life policy will charge a higher annual premium, based on your age at the time you renew your policy.
Term insurance may provide coverage for life, if you happen to pass away during your policy term.
However, it does not guarantee lifetime protection, as you may outlive the duration of your life insurance coverage with a term policy.
Term Insurance Quotes
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