Term insurance is short term life insurance insurance plan. Term insurance is at first the most affordable cost life insurance security that you can buy for individuals, families or businesses. It is intended to protect a wide range of short-term insurance needs such as income replacement, loan-mortgage-debt coverage, buy sell, & key person etc. Common premium structures for term products increase the amount of premium payable at the following intervals: 1, 5, 10, 15, 20, 30 years. Generally invested in term products are Term-10 and Term-20. Term insurance is also offered with level pay periods and coverage periods of 65 and 75 years. Term to age 100, or T-100 may sound as if it is a term insurance plan, is in fact a permanent insurance solution. Term to 100 provides coverage at the same premium through to age 100, with no increase in price.
Read Original Source: http://www.discoveryinsurance.net/term_insurance.php
Read Original Source: http://www.discoveryinsurance.net/term_insurance.php
