|Best Term Life Insurance Rate in just one step|
.WHAT IS TERM LIFE INSURANCE?
With Term Life Insurance, you pay a premium over a specified period of time, which is typically one to 20 years and it does not accumulate any cash value in the policy. Your death benefit or face value can be selected to meet your needs. And if you die during the term, the face amount of your policy will be paid to your beneficiaries. Term life insurance is ideal for young families who may be on a tight budget, because it offers the greatest amount of coverage for the lowest initial premium. Term is also a great choice when your need for coverage will disappear at some point, such as when debt is paid off or when a child goes to college.
WHY WOULD I WANT IT?
Because you want to ensure that your family will have what you're working so hard to provide – a home, a college education, the resources to live in comfort – should something happen to you. A term policy provides an excellent opportunity for you to do this – even if you're just starting out – because such policies do not accumulate cash value and usually offer lower premiums than other life insurance products with the same face value.