Affordable Life Insurance Protection for Your Family
When it comes to buying a life insurance policy there are two basic types of plans to choose from: Term and Permanent.
If you have done any reading up about life insurance you may have heard that many people choose term insurance instead of permanent for protecting their family.
But why do so many people choose term life over permanent life insurance?
That’s a good question and one you should consider when choosing the right life insurance to meet your family’s needs.
There are several popular reasons people select a term life policy over permanent coverage.
Reasons to Get Term Insurance
How Term Life Insurance Works
Since term life is temporary insurance it provides life insurance for the short-term, between 1 to 30 years.
If the insured person dies during the policy term, the death benefit is paid out to the beneficiary of the policy. The proceeds from the life insurance plan are usually paid free from federal income tax.
The beneficiary or beneficiaries are chosen by the owner of the life insurance policy.
If the insured person is alive when the term life policy expires, there is no payout of any benefits, and the insurance coverage ends.
Term life is death benefit only life insurance, it does not build any cash value inside the policy, such as, permanent life insurance, which costs up to 5-10 times more for the same amount of life insurance compared to term life.
Why Term Life Insurance Is Popular
Cost of Term Life Insurance
You can find out how much coverage for term life insurance policies costs by requesting free term life insurance premium quotes over the internet. It only takes a minute.
All you have to do is visit a life insurance website, fill out the Quote Request Form, and you will instantly see the lowest prices for term life coverage on your screen.
Term Life Insurance Quotes
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