Life Insurance can help keep your financial commitments to your loved ones after you are gone. The best type of life insurance to have is the kind that provides the right amount of protection at the right price. In many cases, term life insurance can be an effective solution to cover your protection needs.
Term insurance is generally the lowest premium life insurance available. This product provides protection for a particular term length of time, and therefore pays a benefit if you die during the term period.
Term life insurance can provide funding to help your beneficiaries with the following expenses:
- Mortgage or outstanding debts
- Maintain the lifestyle of a surviving spouse and family
- Children’s education costs
- Final expense and unpaid medical bills