The Cake Library

Term life insurance

Term life insurance is a specific type of life insurance that provides coverage for a fixed rate of payments over a limited period of time (the relevant term). If the insured passes during the specified term, a payment sum is made to the named beneficiary. This is a more affordable, flexible option compared to other types of coverage. It’s commonly used as part of a larger estate plan.

Popular articles

All Articles about Term life insurance

How Much Life Insurance Do I Need?

By Drake Richey, BA in Economics