WHAT IS TERM LIFE INSURANCE
Term life insurance provides coverage for a specific period of time, such as 10, 20, or 30 years. If you pass away during that term, your beneficiary receives a tax-free payout.
The goal is simple, protect your family during the years they depend on your income.
Term life is the most affordable type of life insurance.
Example estimates:
Age 30
$500,000 coverage
About $25 to $40 per month
Age 40
$500,000 coverage
About $40 to $70 per month
Age 50
$500,000 coverage
About $80 to $150 per month