Term Life Insurance Meaning
Term life insurance covers you for a specific amount of time. Term life insurance (also called pure life insurance) is a type of life insurance policy that lasts for a set number of years, or term. Source: www.pinterest.com An investment in knowledge pays the best interest! Get the There are different types of life insurance policies avaiable today with term life insurance being the most popular one. Term life insurance meaning Mortgage life insurance is commonly used to cover the outstanding balance of a repayment mortgage. When insurance agents mention term life insurance, they usually mean level term insurance. Term life insurance meaning , Let’s go over the differences between term and whole life now. Usually, insurers offer a term of 10, 15, 20, 25 or 30 years of term life protection. A term life insurance policy is the simplest, purest form of life insurance: Term life insurance definition, life insurance for which premiums are paid over a limited time and that ...