//Stands out as a life insurance policy variant that offers protection over a specified timeframe, referred to as the term.
Term Insurance
Term insurance stands out as a life insurance policy variant that offers protection over a specified timeframe, referred to as the term. In contrast to whole life or universal life insurance, which assure coverage for the entirety of the insured's life upon continuous premium payments, term insurance provides coverage for a fixed duration. It delivers economical safeguarding for this predefined period, offering assurance that beneficiaries will receive financial support in the event of the insured's premature demise.