Reader’s Question:

I live in Huntsville Alabama and Im planning to get a life insurance and I was advised about the term life insurance. Can you tell me more about it please?

Ray

Thank you for asking Ray.

A life insurance that provides coverage for the insured for a set time period in return for a specified premium is the term life insurance. If the insured person dies within the term period the insurance provider pays off the death benefit to the insured persons beneficiary. If the term period on the life insurance policy expires while the insured person is still alive the insurance policy cancels and no death benefit is paid.

Term life insurance coverage is cheap and easy to purchase. Term life is affordable and pays a death benefit to the insured person heir. These kind of insurance policies tend to cost less than other life insurance policies.

Term life policies expire and age causes policy premiums to increase. This type of life insurance policies offer no cash value.

You may speak to your agent in Huntsville regarding the term life insurance to get more information.

Goodluck!

MariCAR