Term

What is term insurance

Term insurance is commonly purchased by individuals who have expenses that can be paid off in a given amount of time. A mortgage that they plan to pay off in 30 years, a car payment in 5 years, or even child care expenses for the next ten years. These are just a few common examples. Others seek additional income in the event of their passing, just in case anything unforeseeable comes up outside of what they can predict. Regardless of your motivation, term life insurance can provide an inexpensive option to protect your family in the event of a sudden passing.