How Term Life Insurance Works

When you want a life insurance policy to take care of your loved ones when you’re gone, you’ll have some choices to make. There are two types of insurance that you can pick. Each has its special benefits that could be right for your situation. One of the types is called whole life insurance. This is a policy that you keep for the rest of your life. The other type is called term life insurance. This works in a specified period. When it’s time for life insurance, contact us at JC Demo Insurance Group in Matthews, NC.

Active for a Term

Term life is called this because it stays active for a stated term. The policy will have in it how many years it will stay good. If you don’t pass away during that period, which may be 10 or 20 years, etc., the policy will expire. Once it has expired, you no longer have a life insurance policy. Some people don’t want to choose this type because it does eventually expire. However, this type of policy comes with a very useful benefit. 

Saving Money 

A term life insurance policy costs much less than the other type of life insurance. It’s often inexpensive, making it a good choice if your budget is small. If you lack money and need life insurance, this policy may be ideal. In many cases, it’s the only affordable option. Many people who can’t afford a whole life policy appreciate having their term life policy. 

Call Us to Get Started

You know you need life insurance, and we can help you. Call us at JC Demo Insurance Group in Matthews, NC, to learn more.