Undeniably, the most popular type of policy today, term insurance is a policy that can be purchased for a pre-determined term period – from as little as one year to thirty years.A ten year term policy would mean coverage for a ten year period. In the event of a death within this period, the appointed beneficiary will receive the death benefits of the policy. The annual premiums for this type of policy are inexpensive as compared to permanent life insurance rates. There are options available within this type of policy as well such as level term life insurance and Return of Premiums (ROP). This is a popular insurance option due to its affordable premiums and high death benefits. You can check out http://www.accuquote.com/types.cfm for more information on term life insurance.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
submitted by Denise in US
@ May 22, 2009 - 01:25 AM
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.