Term insurance sentence example

term insurance
  • As the name implies, term insurance is designed to provide coverage for a set period of time only.

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  • Most insurers offer term insurance at a set rate for a period of five or 10 years.

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  • Geico offers term insurance coverage through Life Quotes, Inc. This type of protection is an economical way for policyholders to protect their loved ones if tragedy strikes.

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  • Short term insurance is sufficient for travelers who are simply vacationing or staying for a brief time at an international location.

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  • Your beneficiaries can only collect on term insurance if you die before the policy expires.

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  • When you purchase this type of term policy, you have the right and option to convert your term insurance to permanent insurance.

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  • If you purchase a decreasing term insurance policy, your premiums remain level throughout the term.

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  • This is a relatively new type of term insurance policy.

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  • A service member can convert their VGLI term insurance policy to a commercial permanent policy at any time.

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  • One limitation they will have is the duration of term insurance that they can buy.

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  • Do you need life insurance to cover a mortgage or definite fixed obligation which might best be addressed with term insurance?

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  • Whole Life Insurance is a form of insurance that combines the benefits of term insurance with a "cash value" - or savings portion - of the policy.

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  • Short term insurance is not appropriate for every situation.

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  • Retirees may also benefit from short term insurance if they need coverage until they are eligible for Medicare.

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  • In fact, you can often decide between short term and long term insurance when buying a package.

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  • Whole life insurance has a relatively high premium early in life compared to term insurance policies.

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  • In the short run, term insurance offers the most bang for the buck for your insurance dollar.

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