Conditions are right for tornadoes, and tornadoes are possible. Remain alert: watch the sky and tune in to NOAA Weather Radio, commercial radio, or a local television station in case a warning is issued.
Term life insurance provides death benefit protection for a period of one or more years. The death benefit of the policy is paid only if the insured dies during that period. If the insured lives beyond the term period, no death benefit is paid. Typically, there are no cash values or loan values for term life insurance.
When you purchase level term life, you generally choose between a 5-year, 10-year, 15-year, 20-year or 30-year term policy. Life insurance companies do not insure you beyond age 85 with a term policy, so the maximum age at which you may be able to renew your policy depends on the policy you have purchased.nnual Renewable Term. Annual renewable term life is life insurance that renews every year. This type of life insurance automatically renews up to age 85. Beyond this age, you will not qualify for any type of life insurance and your term policy will be canceled.