What is Term Insurance | Complete Information about Term Insurance and its Features best-insurance-plans-review.conceptsmadeeasy.com/what-is-term-insurance
What is Term Insurance | Complete Information about Term Insurance and its Features
Best Insurance Plans Review | Best Life Insurance Plans Review | Best Health Insurance Plans Review What is Term Insurance ? Term insurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the life insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is also called as Term life insurance or Term Assurance. Term insurance plans are life insurance plans which promise to pay a benefit only if the insured dies during the term of the policy. There is, usually, no maturity benefit payable under the plan. Term plans are, therefore, called pure protection plans. This article is about “What is Term Insurance | Complete Information about Term Insurance and its Features“
What are Features of Term Insurance ?