Tuesday, August 19, 2008

What is Term Life Insurance?

Ok here it is the definition of Term Life Insurance.
Term Life Insurance is A plan of insurance that covers the insured for a specified period of time (term) and not for his or her entire life. The policy pays a death benefit only if the insured dies during the term and if the policy has not lapsed for nonpayment of the premiums due. Just a quick definition of what term life insurance is.

2 comments:

Adam Hefner said...
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ahefner33 said...

It's also worth mentioning that term life insurance does not rise in its value toward the owner as does whole life insurance.

Adam Hefner - http://www.termlifeinsurance2.com