What is Term Life Insurance?

Term life insurance is an affordable way to provide coverage for your family for an allotted time period. You can decide on the duration of your term life insurance, which can be for a minimum term of 5 years up to 30 years. The policy will be in effect for the selected time period of your choice, provided that you make your payments on time, and will expire with the completion of the specified term. You are also able to renew your insurance if you desire. If you are faced with an unfortunate occurrence while your policy is in use, your loved ones will obtain a death benefit according to your policy.
Healthy men and women of ages 18 to 75 are eligible for term life insurance. People with exceptional medical conditions may have difficulty in acquiring coverage. But, those with ubiquitous medical conditions such as diabetes, cholesterol, high or low blood pressure and cancer survivors can attain term life insurance. However, the younger and healthier you are, the better your rates are!
You know not what tomorrow holds and how your loved ones will fare without you, term life insurance is the best way to ensure that your loved ones are safe and secure financially in your absence.