Term life insurance is a type of life insurance that provides coverage for a specific period of time, typically 10, 20 or 30 years. It’s a good option for those who want to provide financial support for their loved ones if they were to pass away during a specific time frame.

One of the key benefits of term life insurance is that it is generally more affordable than whole life insurance. This is because it provides coverage for a specific period of time and does not include cash value component that whole life insurance does.

When you purchase a term life insurance policy, you choose the amount of coverage and length of the term. If you pass away during the term policy your beneficiaries will receive the death benefit amount that you chose.

It’s important to note that term life insurance policies generally do not build cash value like whole life insurance policies do. They are designed to provide a specific amount of coverage for a specific period of time. Once the term of the policy is over the coverage will expire. 

Ask me about our “Cash Back Option” or “Return of Premium” term products where you can get 100% of your money back assuming you outlive the term!