Introduction to Term Life Insurance

When we think of insurance, we think of paying a premium at set intervals and getting a certain amount of coverage. When we stop paying the premium, we stop getting the coverage. During this time, we feel safe, knowing that if something bad happens, the risk can be compensated. The financial health of your family or other loved ones can be protected through life insurance—either term or whole life.

Term life insurance is often provided to employees in the form of group term insurance, but it is also available on the individual level. Although it does not build up a cash value like whole life insurance does, it is an attractive option for many people for a variety of reasons. In this tutorial, we will discuss term life insurance bought at the individual level.