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Term Life
Insurance
Term life is usually the least expensive type of insurance.
It is an affordable option. You are only paying for the cost
of insurance associated with the death benefit and not
building cash value.
 This
type of policy covers you for a specified term (from 5 to 30
years, in most cases). If you die within the term, your
beneficiary receives the stated death benefit of the policy.
For example, say you purchased a $250,000 term life policy
for a 20-year period. Whether you die in year two or year
nineteen, your beneficiary receives the same amount (i.e.,
$250,000).
If you die within the term period, a death benefit is paid
to your beneficiary. If you are still living at the end of
the term, protection ceases unless the policy is renewed.
There is no "accumulation" element, or cash value with term
insurance. Some term insurance policies do offer a return of
premiums.
At CompareTermŽ we are committed to making it easy
and convenient as possible for you to purchase the quality,
low-cost term life insurance for you and your family!
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