Term Insurance

Term Insurance

A term insurance is temporary and an affordable life insurance policy that offers financial coverage for a specific term. It protects the beneficiary of the policy holder after death of the policy holder. A term life insurance protection can also be used to fund your child’s education, pay mortgages and more during your lifetime.

Advantages

  • Least expensive life insurance available
  • Can be converted to permanent life insurance at any time

Disadvantages

  • Term insurance is temporary and has expiry date
  • Does not accumulate investment, cash back or cash value
  • Might be harder to renew this type of insurance if there is health issues
  • It will be much more expensive to renew

Add Comment

Get a Free Quote

    Choose type of Service:

    Contact details: