Common types of term life insurance include:
Basic Term Life: paid by your employer for a set period of time to provide your beneficiaries plenty financial support.
Supplemental Term Life: paid by you as the employee to allow you to purchase coverage as needed according to your situation in life.
Dependent Term Life:Provides coverage for your spouse, partner, or eligible children.
Mortgage Term Life: Provides funds to help pay a mortgage in the event of a premature death. The death benefit begins decreasing after 5 years of coverage, earning it the name “decreasing term” policy.
Interested in term-life insurance?