Term Life Insurance Explained
Term life insurance quotes policies are temporary insurance policies that provide a cash payment in the event of the policy holders death. The beneficiary, the person who is to collect the payment, receives the payment tax free. If the policy holder does not die during the term of the policy, the policy can be renewed. Additionally, some policies allow you to convert the term policy into a permanent life insurance policy.
Term life premiums are generally lower than permanent insurance premiums which make term life insurance an attractive option. Additionally, term life insurance offers protection for specific needs that may temporary. Mortgages, for instance, are typically 30 year contracts. A term life insurance policy that provides money to pay off the mortgage would be a good option for that period of time. Once the term has expired, some companies will allow you to renew the policy upon proof of insurability. 
Term life insurance is great for people who:
- Are unable to pay the premiums of a permanent policy.
- Need home mortgage protection.
- Require additional protection to supplement another life insurance policy.
- Need to cover other family needs like educational expenses, car loans, etc.
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