其实,term life insurance指的是:具有固定期限的人寿保险。保险期内,保险公司承诺对被保险人的人身意外进行赔付。一旦保险到期,被保险人可以选择是否续保,或终止保险。Term life insurance经常在美式口语中被简化为:term insurance。中文里,可把term life insurance翻译为:定期人寿保险,或定期寿险。这里的term,指...
Term Life Financial protection when you need it the most How would your family cover your mortgage payments or fund your children’s education if you suddenly passed away? Term life insurance could help you cover those financial obligations which are due over the next several years....
Term life insurance This type of coverage is self-explanatory. It's limited to a selecttermor time frame of your life. It won't last for the policyholder's full life span and it will need to be renewed. Terms can be 15, 20, 30 years or some other agreed-upon time frame. If the...
Term life is a type of life insurance that provides financial protection for your family over a fixed period of time, typically somewhere between 10 and 30 years. According to recent data, 40% of insurance policies purchased in 2022 were term life insurance policies.[1]Most people getterm lif...
I want to get a $1 million, 10-year term life insurance policy even though my kids are only 1 and 3 because I plan to be completely debt-free in 10 years. I've currently got about $900,000 in mortgage debt. This is why I decided to take out a $1 million death benefit. It'...
Term life is the simplest type of life insurance. It covers you for a set number of years. If you die within the term of the policy, your life insurance beneficiaries receive a death benefit. You can typically buy term life insurance in 1-, 5-, 10-, 15-, 20-, 25- or 30-year ...
Term life insuranceprovides a death benefit for a specific number of years (a “term”). Most commonly, policies cover 10, 15, 20, 25, and 30 years, but you can even apply for one- or five-year terms. The shorter the term, the lower the premium payment will be. (For more informat...
Term life covers you for an amount of time you select—such as 10 or 20 years—for a benefit amount you select. Term is typically the most affordable and simple type of life insurance coverage. Whole life is a permanent life insurance that covers your entire lifetime, often with fixed ...
Term life insurance offers more affordable coverage than whole life. However, it only lasts for a limited number of years, and it doesn't provide the tax-free savings component that whole life does. Term and whole life are two of the most common types oflife insuranceavailable.Whole lifeis ...
Term life premiums are based on a person’s age, health, and life expectancy. Depending on the insurance company, it may be possible to turn term life into whole life insurance. You can purchase term life policies that last 10, 15, 20 years, or more and you can usually renew them for...