“Term” is a life insurance policy that provides coverage for a predetermined amount of time. Benefits are gained if the policy owner passes away in a predetermined time frame, typically 10,15,20 or 30 years.
- ✓ It is the least expensive and simplest of all life insurance policies.
- ✓ There is no guarantee of renewal when the term ends.
- ✓ PHP offers the most inexpensive Term insurance on the market