For some people, term life is sufficient because
it provides pure death benefit protection.
One reason for this is because term life insurance
provides pure death benefit protection only, without any cash value build up.
Term life insurance
provides pure death benefit protection only, without any cash value or savings build up.
This product
provides pure death benefit protection only, without any cash value or savings component.
Term Life Definition: Term life
provides pure death benefit protection for a specific period of time (typically 10, 15, 20 or 30 years).
Term life insurance
provides pure death benefit protection only.
Term life insurance is generally less expensive and is designed to
provide pure death benefit protection for a specific period of time.
This is because these plans
provide pure death benefit protection only, and they do not offer any cash value or investment build up within the policy.
Not exact matches
Over time, life insurance policies have evolved from simply offering
pure death benefit protection, to
providing many additional savings and investment options.
Because term life insurance
provides just
pure death benefit protection, the premiums for this type of coverage can be quite low — particularly if the insured is young and in good health at the time of application.
Term life insurance coverage
provides pure,
death benefit protection only.
With term life insurance, coverage is
provided for
pure death benefit protection only.
This is because term life
provides pure and simple
death benefit protection, without any other cash value or investment component attached to it.
Term life is
pure insurance
protection that
provides a
death benefit if you die within a set number of years and typically nothing if you live beyond that term.»
Term plans are
pure protection plans which only
provides a
death benefit.
Unlike simplified issue term life insurance which offers
pure death benefit only, a simplified universal life (UL) policy will
provide the policyholder with both
death benefit protection, as well as a cash value component.
Term insurance can be thought of as «
pure protection» in the sensethat it
provides only a
death benefit, and then, only if theinsured dies for a reason that is not excluded by the policy duringthe term of the policy.
To fulfill the IRC definition of life insurance, life insurance contracts must
provide for a sufficient «amount at risk» — the
pure death benefit protection that a beneficiary would receive upon the
death of the insured.
A term plan is a
pure protection plan with
death benefits only and no maturity
benefits, while a term plan with ROP
provides life cover where all the premiums paid are refunded as maturity
benefit, if the life assured survives maturity.