Life Insurance Direct What Are The Pros And Cons Of Term Insurance | Page 18

Term Life Insurance
Term Life Insurance – This is your sort of basic coverage plan that is also the least costly. Virtually
every insurance company offers this plan because its terms vary from five to twenty-five years,
but the most popular plan by far is the annual plan.
The annual plan allows for a yearly renewal with little in the way of obligations to the company.
This is also what makes it the cheapest, but it’s almost always for a set amount and usually only in
case of untimely death.