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Life Settlement
Educational Information
Welcome Funds has compiled every term, phrase & definition related to life settlements. Have more questions? Call us toll-free at 1-877-227-4484 or complete our Quick Online Qualifier to determine your eligibility.

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DEFINITION OF TERM LIFE INSURANCE

Term life insurance is "temporary" coverage usually offered in level periods of 5, 10, 15, 20, 25, and 30 years. Term life insurance is designed to cover specific risks for a specific time period, and may have many variations in structure, such as increasing, decreasing, and level. See: Increasing Term Policy, Decreasing Term Policy, Level Term Policy

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Related Pages: Decreasing Term Policy, Increasing Term, Level Term Insurance