One of the main advantages of term life insurance is that it has much lower premiums than most other types of life insurance protection, such as whole life insurance. Because a term life insurance policy is temporary, the chances of the death benefit being paid out are much less than with a permanent life insurance policy. That means a big savings on your monthly life insurance bill.
The death benefit of a term life insurance policy is only paid if the insured person dies during the term of the policy. Term life insurance policies don't offer you any cash values. Term life insurance policies are used for only for protection - not for investment purposes.
The Advantages of Term Life Insurance:
A term life insurance plan protects your family when you can't be there provide for them. There are several advantages of term life insurance, including:
Next Tutorial - Who Buys Term Life Insurance?
Top Pick – JRC Insurance Group
JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote.
Highly Recommended – Globe Life Insurance
$1* Buys $100,000 Globe Life Insurance for Adults or Children