Results for tag: "Individual Term Life"

Individual Term Life Insurance is a type of life insurance policy that provides coverage for a specific period of time, usually between 10 and 30 years. It is designed to provide financial protection for the policyholder's family in the event of their death. The policyholder pays a fixed premium for the duration of the policy, and if they die during the term, the policy pays out a lump sum to their beneficiaries. Individual Term Life Insurance is a popular choice for those looking for a cost-effective way to provide financial protection for their family. It is often used to cover expenses such as funeral costs, mortgage payments, and other debts. It can also be used to provide a financial cushion for the policyholder's family in the event of their death. Some of the companies in the Individual Term Life Insurance market include Prudential, MetLife, State Farm, Allstate, and Northwestern Mutual. Show Less Read more