Critical Illness Insurance
June 27, 2017Investment and Life Coverage
June 27, 2017Term Life Insurance

Term Life Insurance

What is Term Life Insurance?

Term Life Insurance is temporary life insurance designed to provide coverage for a limited period of time, typically for 10, 20 or 30 years. It is a life insurance product that is typically considered the most cost-effective form of life insurance. However, there is no build up of a cash value, like with a permanent life insurance policy, and the benefit is payable only when the insured dies and the policy is in force.
T-Life is a term life insurance plan that provides coverage for death during the term of the policy.