Learn who receives payment from a life insurance policy and how it works. Find out what happens when you die before the term ends and how to choose the right policy.
When you purchase a life insurance policy, you are essentially entering into an agreement with an insurance company. Depending on the type of policy, you may or may not need to take a medical exam. The policy will last for an agreed-upon number of years, usually 20 or 30 years. During this time, you will pay monthly premiums in order to receive a death benefit.
If you pass away before the term ends, the insurance company will pay out the death benefit to your beneficiaries.
When your term life insurance policy expires, you will no longer have coverage. Learn more about types of life insurance and FAQs about life insurance.
Term life insurance is an excellent choice for those aged 62 and over. Learn more about what you need to know when selecting a policy.
When choosing life insurance, there are several factors to consider such as age, health, life expectancy, income, debts and assets. Learn more about what to look for when choosing life insurance.
Learn what goes into a term life insurance quote and how it can help you make an informed decision about the best policy for you and your family.
