Secure your future with term insurance

Term insurance is a type of life insurance that provides coverage for a specified period of time, typically 10, 20, or 30 years. It offers a death benefit to the beneficiaries if the insured person passes away during the term of the policy.

Term insurance is suitable for individuals who have financial dependents and want to ensure their loved ones are protected financially in the event of their death. It is often used to cover expenses such as mortgage payments, college tuition, or income replacement.

The amount of coverage you need depends on various factors, including your financial obligations, income, and future goals. It's important to consider your outstanding debts, future expenses, and the financial needs of your beneficiaries when determining the coverage amount.

Most term insurance policies offer the option to renew or convert to a permanent life insurance policy at the end of the term. However, the premiums for the renewed policy may be higher based on your age and health condition at the time of renewal.

If you outlive your term insurance policy, the coverage will expire, and you will no longer have life insurance protection. It's important to consider your long-term financial goals and evaluate if you need to purchase a new policy or convert your existing policy to a permanent one.