term life insurance

Term life insurance is a popular and affordable option that provides financial protection for a specified period, typically ranging from 10 to 30 years. It pays a death benefit to your beneficiaries if you pass away during the policy term. This type of insurance is ideal for those seeking coverage to protect their loved ones during critical years, such as raising children or paying off a mortgage. With lower premiums compared to whole life insurance, term life offers straightforward protection without the cash value component. Understanding your needs can help you choose the right term life policy for your financial goals