short term life insurance

Posted in Term Life Insurance over 3 years ago, 2 replies

what does short term life insurance mean? is it the same thing as term life? could you also tell me what its advantages are over the other types of life insurance?

thank you. i appreciate this website's service.

daniel
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Short term life insurance is another way of describing term life insurance.

Term life insurance is temporary life insurance for a specific number of years, usually 1-30 years. many policies for term life are issued for a term of 10, 15, 20 or 30 years.

Term life is less expensive than permanent, or whole life insurance. Whole life usually costs 2-3 times more than term life insurance.

Level term life insurance offers you rates and coverage amounts that are gauranteed to remain the same each year for up to 30 years.

Term life insurance offers the most coverage at the lowest price for a set time period. You can compare free term life insurance quotes online.

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Short term allows the purchaser to choose the periods they want to pay premiums on life insurance coverage. The premium is fixed at the purchase of your insurance. This will stay the same through out your coverage years.

Walter
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