When your term life insurance policy expires, that is the end of your coverage. You have paid for the coverage for the time specified in the policy and that is all you will receive. With premium-return term life insurance, you will get your money back at the end of the policy if you live beyond the term. There are several types of life insurance available, including term life insurance, no exam life insurance, final expense insurance, and disability insurance.
Each type of policy has its own benefits and drawbacks, so it is important to understand what each type offers before making a decision. Additionally, there are many frequently asked questions (FAQs) about life insurance and a life insurance dictionary to help you understand the terminology used in the industry.