TERM LIFE INSURANCE

Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term.

Once the term expires, the policyholder can either renew it for another term, convert the policy to permanent coverage, or allow the term life insurance policy to terminate.

Term life insurance offers coverage for a set period — typically between 1 and 35 years — providing a death benefit to your beneficiaries if you pass away during that time. It’s a cost-effective solution ideal for young families or individuals seeking dependable protection at an affordable rate.

When the term ends, coverage may expire; however, some policies include the option to renew or convert for continued peace of mind.