Term life insurance provides financial protection in the event of the death of the insured. It is sometimes considered to be "no frills" insurance because it provides no additional benefits such as the accumulation of cash value. Because of its relatively low cost, it is often purchased in situations where a large amount of coverage is needed for a specified period of time and not much money is available for premiums
Term insurance will provide funds to a beneficiary in the event of the death of the insured. Premiums are paid on a monthly, quarterly, semi-annual, or annual basis. The amount of premium will vary based on several factors, including the insured's age, health and tobacco use. Unlike other forms of insurance such as whole life or universal life, term insurance accumulates no cash value.
License # 0K56246