Term life coverage may be suitable if you:
- Want to ensure you're covered for a certain period, like until your kids are adults.
- Want to help your family maintain their lifestyle or stay in their current home when you are gone.
- Want to ensure debts, such as a car loan or credit card, are paid off.
- Need an affordable premium as you enter your prime earning years.
Term life insurance policies include what?
- A fixed death benefit is payable to your beneficiaries if you die during the policy period.
- High coverage amounts relative to the replacement cost of your lost income.
- Premiums remain the same for the duration of the policy.
- Convertibility into a permanent plan
