Term Life insurance

Submitted by frndzzz on Thu, 04/08/2021 - 05:05

What does term life insurance mean?

In simple words, term life insurance means the life insurance policy which is only valid for a certain period of time. Life insurance is payable only if the death of an insured person occurs within that particular period of time. In this type of insurance policy, the insurer provides coverage for a specified term in exchange for a premium paid by the insured person over a period of time.