Term Life Insurance
Term life insurance is the most affordable type of life insurance. A term life policy is straightforward and often used to cover lost income to ensure your family can cover financial obligations like mortgage payments, college tuition, or managing a business. Term life coverage insures you for a specific amount of time. If you pass during that time frame, your beneficiary receives the policy pay out.
Details to know about term life insurance:
Insures you for a specific time, typically 10 to 30 years
Policy offers guaranteed premium for coverage term
Can be converted to a permanent product