Term Insurance
Life Insurance policy that provides a death benefit to the beneficiaries if the insured passes away during the term or period
Key Features
- Provides coverage for a specified term (e.g., 10, 20, or 30 years).
- Lower premiums compared to permanent life insurance or a VUL
- Pays out a death benefit if the insured dies within the term.
- No cash value component.
- Renewable
Suitable For
- Individuals seeking affordable coverage for a specific period (e.g., until children are grown or a mortgage is paid off).
Information/Documents needed for Term Insurance
- Photo of Valid Government-Issued ID
- Name
- Contact Information and Email Address
- Residence Address
- Name and Details of Beneficiaries
