Have you heard of term life insurance but you are unsure about the benefits? Perhaps you are interested in purchasing a life insurance policy. Allow me to briefly explain term life insurance and how it can help you.

Term life insurance differs from whole life insurance because it only covers a set amount of years or term. Common terms are 10 years or 20 years. Term life insurance does not build a cash value but it is considerably more affordable than whole life insurance.

Purchasing term life insurance is a fairly simple and straightforward process. Before you buy a policy, you’ll need to figure out what dollar value coverage is right for you. The easiest way to do this is to compile a list of your debts, estimated funeral expenses, college expenses for your children, etc…

Once you are ready to begin getting policy quotes, you can do this quickly online. Be prepared to answer some basic health questions about yourself.

Hopefully this basic term life insurance explanation helps you while you are researching your life insurance options. Remember that buying life insurance now can help avoid a financial catastrophe later if you passed away. Protect your family and loved ones by investing in their future.

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