Quote
Resource Center
Health Insurance
Auto Insurance
Life Insurance
Dental Insurance
Travel Insurance
Home Insurance
Pet Insurance
Long Term Care
Disability Insurance
Farmers Insurance
Motorcycle Ins.
Business Insurance
Renters Insurance
Title Insurance
Cobra Insurance
Mortgage Insurance
Estate Planning
Annuities
Medicare Supplement
Flood Insurance
Earthquake Insurance
Liability Insurance
Mobile Home Insurance
Pre-Paid Legal
Viatical Settlements
Apartment Buildings
Car Insurance
Group Health
Term Life Insurance
Insurance Quotes
Insurance Leads
Insurance Links
Insurance Links
Insurance Agencies
Insurance Articles
Department of Insurance
Insurance Rating
Insurance Company
Insurance Newsletter
Site Map
Term Life Insurance
All life insurance is either term insurance or cash-value insurance. Term insurance insures your life only for a specified term. For example, you could choose a five-, 10- or 20-year term. You make your premium payments, but the policy will only pay off if you die. Term policies don't build up any cash value. If you outlive the term you choose, the insurer gets to keep all the premiums you have paid and won't owe either you or your beneficiaries a nickel -- which explains why term insurance is the most affordable protection you can buy.
Cash-value insurance is more expensive than term insurance, at least when you first take the policy out. However, the premiums you pay are used to make investments, so the policy gradually builds up a cash value that you can eventually either withdraw or (sometimes) borrow against. An analogy that's often used to differentiate term coverage from cash-value insurance is that having term insurance is like renting a house while having cash-value coverage is like buying a home with a mortgage.
For more information or a quote on home owners insurance (click here) complete our consumer profile form and locate a professional in your area.
InsBuyer helped over 4.2 million consumers with insurance related needs in 2007
and over 720,000 insurance quotes were requested for car insurance, home insurance, life insurance and health insurance. Thank you for letting us help you find affordable life insurance.
Copyright © 1999 - 2008 Diversified Insurance Services / InsBuyer.com™
