What is term life Insurances, Why its important and benifits
Term life insurance is a simple and affordable type of life insurance that provides coverage for a fixed period (10, 20, or 30 years). If the insured person passes away during this term, the chosen beneficiary receives the death benefit. It is pure protection, meaning there is no cash value—just security for your loved ones when they need it most.
Why is Term Life Insurance Important? Protects your family’s financial future in case of unexpected loss. Ensures mortgage, loans, and everyday expenses are covered. Gives peace of mind knowing your loved ones won’t struggle financially. Affordable option compared to permanent life insurance, making it ideal for young families and individuals.
Key Benefits of Term Life Insurance: ✔️ Affordable premiums for higher coverage amounts ✔️ Flexible term options (10, 20, 30, 35, 40 and 100 years) ✔️ Easy to understand – pure protection, no hidden costs ✔️ Can be converted to permanent life insurance later ✔️ Provides financial security during crucial years (kids’ education, mortgage payments, family expenses)