Does term life insurance work?

Answer On One Hand: Term Life Insurance is AffordableInvesting in term life insurance protects those who depend upon you in the event of your death. The concept is simple. Pay the premiums. If you die wit... Read More »

Top Q&A For: Does term life insurance work

Does term life insurance pay out at the end?

On One Hand: It Will Not.Unlike whole life insurance, term life does not pay out at the end of the term. Like auto or home insurance, if nothing bad happens during the term of coverage, your premiu... Read More »

What is the difference in whole life insurance&term life insurance?

Life insurance pays a defined benefit amount when the policyholder dies. Term life insurance pays if the death occurs during the term of the policy--a predetermined number of years. Whole life insu... Read More »

What Does Term Life Insurance Cover?

Term life insurance covers your life (or the life of the person named on the insurance policy) for a certain period of time. If the insured person dies within that specified term, the beneficiary n... Read More »

How much does term life insurance generally cost?

The cost of term life insurance depends on a number of factors, including age, length and payout of policy and health. Lower end policies that cover 20-30 years can cost about $300 to $400 per year... Read More »