Introducing
Term Life Insurance
Pros for term life insurance:
- It is the most affordable type of life insurance.
- You can choose the length of time you need coverage for (usually up to 30 years).
- Your beneficiaries will receive a death benefit if you die during the term of the policy.
Cons for Term life insurance:
- The policy expires at the end of the term and you will no longer have coverage.
- If you outlive the term of the policy, you will not receive any death benefit.
- You may need to renew your policy at a higher premium if you want to continue your coverage.
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