What is the definition of term life insurance?

Answer Term life insurance is coverage for a specific length of time. The person purchasing the insurance decides the length of the term, along with the monetary amount of the coverage.PurposeThe number o... Read More »

Top Q&A For: What is the definition of term life insurance

Term Life Insurance Face Value Definition?

Term-life insurance is life insurance that strictly provides protection without the accumulation of any cash value over time. An attractive feature of term insurance is that it is usually the cheap... 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 is term life insurance and whole life insurance?

Term life and whole life insurance are two types of policies that provide a financial benefit when the insured passes away. Both life insurance policies have advantages in costs and protection that... Read More »

Can you switch from whole life to term life insurance?

It is possible to switch from whole life to term life insurance. Whenever you change your life insurance policy, you may increase the amount you pay. New health issues or age may influence the eval... Read More »