A term life insurance policy provides
the largest immediate death benefit for your family and beneficiaries for the minimum premium dollar.
Term insurance typically provides for
the largest immediate death benefit amount for each premium dollar.
Not exact matches
According to Investopedia, this practice prevents
immediate large payouts for critically ill individuals who may wish to sign up for a policy just in time for their loved ones to receive a
death benefit.1
In addition, these policies are extremely expensive compared to other lifetime policies that offer
immediate coverage and
larger death benefits.