Term life insurance is an affordable product that protects you for a agreed period of time, like 10 or 20 years. It also has a lower initial cost than permanent life insurance, and it’s a popular way for those just starting out to protect themselves and their families.
Term life insurance is usually less expensive than permanent life insurance, so you may be able to purchase more coverage.
How it works?
Choose the coverage amount and term length you want.
Customize your coverage with additional benefits.
Pay the premiums.
If you die while your policy is active, the beneficiary you named receive a tax-free payout.
If you survive during the term, you can optionally renew each year, or you can end it or convert it to longer-term or permanent life insurance, within limits. your premiums will change.
Easy to understand.
Available terms from 10 to 50 years.
Death benefits are tax free.
Business Loan protection.