Term life insurance is the most common type of life insurance – it’s fairly easy to obtain and inexpensive. Over 150 companies in the UK offer some type of term life insurance, making it important to shop around and compare products.
Term life insurance is inexpensive as many policyholders will probably outlive the term of the policy. This means less financial risk for the insurance company – and lower premiums for the customer.
For many people, it can be the only type of life insurance they will need. Term life policies are generally either renewable or non-renewable – a renewable policy allows the policy to be renewed without taking health exams; a non-renewable policy requires the insured to reapply and re-qualify regularly.
When it comes to choosing term life insurance, the length of the policy will be one of your biggest considerations. Term life insurance is particularly flexible as it offers you the chance to choose the level of cover, as well as the length of the term – anything from one to thirty years or longer. In the UK, the average length of a life insurance policy is fifteen years.
From a cost point of...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
