LIFE INSURANCE

Term Life Insurance

Term Life Insurance – The simplest, purest form of life insurance: You pay a premium for a period of time – typically between 10 and 30 years – and if you die during that time a Tax-Free cash benefit is paid to your family or beneficiary. Term life is less expensive than a permanent whole life policy – but unlike permanent life insurance, term policies do not accumulate cash value, no payout after the term expires, and no value other than a death benefit. most term policy premium stays the same for the entire term of the policy.