Term Life Insurance Februari 12, 2009Posted by bangzenk in Niche.
Tags: life insurance plan, life term insurance, term life insurance
Term life insurance policy offers to you to cover a specific term or period from an individual life. In common, term life insurance programs are available in five, ten, and twenty-five years and any different terms. These life term insurance contracts will cease at the end of the initial term, usually at the age of sixty-five to seventy unless the plan is extended or renewed. Often the renewal procedures are seen as a formality as term insurance contracts are ‘guaranteed renewable’. That is means that no medical examination is required for a certain period after the insurance ends. A key feature to these policies is that the premium goes up as the age of the policy holder increases.