<P> Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time , the relevant term . After that period expires , coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions . If the life insured dies during the term , the death benefit will be paid to the beneficiary . Term insurance is typically the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time . </P>
<P> Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time , the relevant term . After that period expires , coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions . If the life insured dies during the term , the death benefit will be paid to the beneficiary . Term insurance is typically the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time . </P>
life insurance which provides for payment only if the insured dies within a specific time period is
life insurance which provides for payment only if the insured dies within a specific time period is
Term life insurance or term assurance
Term life insurance or term assurance