Term Life Insurance

Term life insurance is a type of life insurance policy that provides coverage for a specific period, or "term," typically ranging from 10 to 30 years. If the insured person dies within this term, the policy pays a death benefit to the beneficiaries. This type of insurance is designed to offer financial protection during the years when people often have significant financial obligations, such as mortgage payments or raising children. Term life insurance is generally the most affordable option compared to other types of life insurance because it offers pure death benefit protection without any cash value accumulation or investment components. This makes it an attractive choice for individuals seeking a cost-effective way to ensure their loved ones are financially secure in the event of their untimely death.