Term Life Insurance Basics

  • Term Life is one of the simplest, most cost-effective types of life insurance.
  • It provides the largest immediate amount of protection for the lowest cost.
  • Beneficiaries are paid the entire amount of your policy (subject to your
    policies provisions) if you die during the term (usually 5 to 30 yrs)
Those with Term Life Insurance coverage generally have a substantial need for insurance protection during a specific period of time. They may be young and have growing families, and need temporary protection now with the option to convert to permanent coverage later.
  • Group Life insurance typically offered as an employee benefit.
  • Premiums under group policies are generally lower for younger employees, and higher for older ones.
  • In addition to employers, some membership organizations such as alumni clubs and unions may also offer Group Life insurance plans.

The content above was provided by 24 Seven Insurance which was formed to help consumers find the highest value Free Insurance Quotes available.  They strive to make the process easier for consumers that want to find the best possible insurance coverage at the lowest possible rates.