Is just that.
It has a start and an end date. Term insurance is used for specific intentions such as covering a mortgage or seeing a child through college years. Term insurance can also be used for business succession planning, buy/sale agreements, short-term notes, etc. It is relatively easy to get. There are underwriting requirements and it’s usually the least costly life insurance available.
We pride ourselves as independent agents and we “shop your insurance for you” by getting quotes and/or submitting applications to various companies to get you the most value for your premium dollars. Please call us, our quotes are free. See my next blog post on Permanent Life Insurance.