Al Sahara Insurance Brokers LLC


TERM

Term insurance is basic, inexpensive and easy to understand. It gives you all the coverage you need and none that you don`t. That`s why it`s the best choice for almost everyone.

As the name implies, a term insurance policy is good for a specific period of time; that can be one year, 10 years, 20 years or even up to 30 years. Given that you generally need life insurance only until you`ve managed to save up money elsewhere, just pick the term that dovetails with the time you need coverage. If you die during that term, your beneficiaries get a payout, known as the death benefit. If you die after the term expires, there`s no payout.

Term policies typically have maximum issue ages. If you`re past age 80, you`ll have a hard time getting term insurance.