Search results
- Dictionaryterm life in·sur·ance
noun
- 1. life insurance that pays a benefit in the event of the death of the insured during a specified term.
Powered by Oxford Dictionaries
Jan 11, 2024 · Term life insurance provides a death benefit that pays the beneficiaries of the policyholder throughout a specified period of time. Once the term expires, the policyholder can...
Term life insurance covers you for a fixed period of time (also why it's named term) – mostly until 75 years old. That means, if you are diagnosed with terminal illness, total permanent disability, or pass away before 75 years old, your family will receive the lump-sum payout you were assured for.
Aug 1, 2023 · Term life insurance is a type of life insurance policy that provides coverage for a certain period of time, or a specified “term” of years. If the insured...
What You Should Know About Buying Term Life Insurance. Learning how life insurance works, and whether term or whole life insurance is suitable for you really depends on your financial stability, and the lump-sum payout amount required for you (and your spouse or children).
Jun 21, 2024 · The purpose of term life insurance is to provide coverage while you have outstanding loans or depend on a steady income. After your loan obligations are fulfilled and you’ve accumulated enough for retirement, usually upon retiring, this insurance becomes less necessary. What kind of coverage do term life insurance policies provide? Most of ...
Term Life Insurance in Singapore. All Life Insurance. Term Life. Whole Life. Share. Protect you and your family from life's uncertainties for your desired period of time based on your needs with our term life insurance plans. Learn more about Term Life Insurance Plans. Find out more.
Mar 7, 2022 · Term insurance provides you with protection only for a fixed period of time, say 20 or 30 years, after which the plan expires. If nothing happens to you and you don’t make a claim, you get nothing (apart from a letter thanking you for giving them money for the last 30 years).
Jul 17, 2023 · Term insurance is a form of life insurance, which insures against death or terminal illness. As its name suggests, term insurance is only for a fixed term rather than your entire life. People usually buy term insurance to protect their dependents and loved ones.
Mar 13, 2024 · Term life insurance is a contract between a policyholder and an insurance company that says if the insured person passes away within the time period of the policy, the insurer will pay...
Mar 28, 2024 · A term life insurance policy is a contract that lasts for a set period of time (usually between 10 to 30 years) where the insurance company pays your beneficiaries a lump sum if you die while the policy is active. By.
