What Does Term Life Insurance Mean at Life

What Does Term Life Insurance Mean. Ad affordable, flexible term life insurance at your pace. This term is determined at the time of purchasing the insurance plan.

Once you reach the end of the policy term, the policy ends. Term life insurance policies work by paying a benefit to beneficiaries if the insured person dies during the policy term. This term life insurance provides pure protection, which means it doesn’t acquire any cash value or pay out dividends from the insurance company.

REAL WAR PHOTOS Veteran Voices Send us your questions

The insured, meanwhile, pays a premium to earn that benefit. If you die while the policy is in effect, your designated beneficiaries get a death benefit payout. The insured, meanwhile, pays a premium to earn that benefit. Term life insurance is a type of life insurance that guarantees payment of a death benefit during a specified time period.