Covers you for a specified number of years. For example, you may purchase a 25-year Term Insurance. If you survive 25 years, the policy ends with no payout. Death within 25 years triggers the insurance payout.
Term Insurance
Covers you for a specified number of years. For example, you may purchase a 25-year Term Insurance. If you survive 25 years, the policy ends with no payout. Death within 25 years triggers the insurance payout.