Term Life 

Term life insurance is a type of life insurance that provides coverage for a predetermined period of time, usually ranging from 10 to 30 years. This type of insurance is often less expensive than permanent life insurance and can provide individuals with the coverage they need at a fraction of the cost.

Term life insurance plans are typically available in two forms. The first is level term life insurance, which provides the same amount of coverage each year throughout the policy term. The second is decreasing term life insurance, which offers a decreasing benefit as the years pass. As the coverage amount decreases, the premiums are able to remain constant.

Term life insurance is a great option for individuals who are looking for coverage but don’t want to commit to a long-term policy. The relatively low premiums make it an affordable option and can provide a way to cover debts, final expenses, and daily living costs of family members.

Term life insurance also offers coverage that is renewable. Most policies allow the insured to renew their coverage after the initial policy term is up, without having to get a new medical exam. Renewal terms are often at a higher cost, but they allow the insured to remain covered for a longer period of time.

For those who are looking for life insurance coverage, term life insurance can be an ideal option. It allows individuals to gain coverage at an affordable rate, while also remaining flexible for their specific needs. It’s important to talk to an insurance professional to find the best policy for you and your family.