Saturday, August 18, 2012

Why I Think Term Life Insurance Is Worth it

When I was first learning about insurance coverage and policies, I didn’t have an idea what term life insurance was. Then, I learned that it’s a “no frills” type of life insurance – a life insurance for a specified duration limit, or time. What does it mean? It only means you buy a specific amount of coverage for a specific period by signing a contract. You pay for that coverage period and at the end of the term, the policy expires. For example, the term might be until retirement, or until children are grown, or until college is paid for. You can actually look for cheap term life insurance quotes that you can avail, since it is the least expensive available insurance policy and allows you to spend a lot less and use the extra money in a better investment.

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