7 things you need to know about term life insurance
September 26, 2014 by Stephan R. Leimberg, Robert J. Doyle Jr., Keith A. Buck
The two principal characteristics of term insurance are: the insured must die for any benefits to be paid and, by definition, the contract expires at the end of the term. Stated more specifically, a term life insurance policy promises to pay a death benefit to a beneficiary only if the insured dies during a specified term.
The contract makes no promise to pay anything if the insured lives beyond the specified term. Generally, no cash values are payable under a term life insurance contract. Click here to read…
Originally Posted at LifeHealthPro on September 26, 2014 by Stephan R. Leimberg, Robert J. Doyle Jr., Keith A. Buck.
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