TERM INSURANCE

AMFI-Registered Mutual Fund Distributor

Client Login  Enquiry Now

Page Title

Home / TERM INSURANCE

Term Insurance

Term insurance is a form of life insurance policy that offers protection for a certain "term" of years, or a set amount of time. A death benefit will be paid if the insured passes away within the time frame specified in the policy and the policy is active, or in effect.

In the beginning, term insurance is far less expensive than permanent life insurance. Term insurance doesn't have a financial value, unlike the majority of permanent insurance options. In other words, the policy's guaranteed death payout is its sole worth.

Link Name

Key Takeaways

  • Term insurance is a form of life insurance policy that offers protection for a certain "term" of years, or a set amount of time.
  • A death benefit will be paid if the insured passes away while the term insurance is still in effect and the policy is active.
  • For the duration of the policy, many term insurance policies give level rates.
  • Other term insurance plans provide the ability to switch from term to permanent insurance, as well as benefits that increase or decrease over time.