Term Life Insurance Information

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Term Life Insurance FAQs

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Term Life Insurance FAQs

From Insurance Lounge

  • What is the difference between Term and Permanent Life Insurance?

    Permanent life insurance offers protection that will last your entire life, rather than for a temporary period of time. In addition to life long protection, permanent life insurance offers living benefits that can help you during your lifetime. Term insurance is probably the most basic form of life insurance. It provides affordable protection often... More

  • What is the value of Term Life insurance?

    Term insurance is probably the most basic form of life insurance. It provides affordable protection often with a guaranteed premium. If the insured dies while the policy is in force, the face amount is paid to the named beneficiary. At the end of the premium guarantee period, the insured can renew the cover at a higher premium. The premium for term... More

  • What is the True Cost of Term Insurance?

    Term insurance has its limitations. It isn’t appropriate for all people or under all circumstances. Among the factors you should be aware of: Purchasing term insurance is often compared to renting a house. When you rent, you get the full and immediate use of the house and all that goes with it, but only for as long as you continue paying... More

  • When is Term Insurance the right choice?

    A Temporary Need for Protection Term insurance is often used as protection when a loan is taken. A term policy in the amount of the loan could assure that the debt is repaid, in the event the insured dies. A business owner who borrows money to enlarge his or her operation could purchase a term policy in the amount of that loan. Often, homeowners... More

  • What should I look for in a Term Insurance policy?

    Most experts say it’s not advisable to simply shop for the policy with the lowest premium. Before worrying about saving a few bucks, you’ll want to look closely at the features it offers. Be sure that the policy is guaranteed renewable – that is, you can renew your policy without a physical exam.  Also be sure it contains a... More